iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Hits New 12-Month High – Still a Buy?

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX)’s stock price reached a new 52-week high on Monday . The stock traded as high as $59.23 and last traded at $59.25, with a volume of 295897 shares traded. The stock had previously closed at $59.01.

iShares MSCI ACWI ex U.S. ETF Stock Performance

The firm’s 50 day moving average is $55.77 and its 200-day moving average is $54.70. The company has a market cap of $6.26 billion, a PE ratio of 16.00 and a beta of 0.82.

Institutional Trading of iShares MSCI ACWI ex U.S. ETF

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of iShares MSCI ACWI ex U.S. ETF by 51.6% during the fourth quarter. Bank of America Corp DE now owns 7,498,372 shares of the company’s stock valued at $391,115,000 after buying an additional 2,551,619 shares during the period. Merit Financial Group LLC increased its position in iShares MSCI ACWI ex U.S. ETF by 15,313.1% in the first quarter. Merit Financial Group LLC now owns 1,712,700 shares of the company’s stock worth $94,969,000 after buying an additional 1,701,588 shares during the period. Lazard Asset Management LLC increased its stake in iShares MSCI ACWI ex U.S. ETF by 296.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,008,403 shares of the company’s stock valued at $52,598,000 after buying an additional 753,989 shares during the period. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI ACWI ex U.S. ETF in the 4th quarter worth approximately $36,088,000. Finally, Clark Capital Management Group Inc. purchased a new position in shares of iShares MSCI ACWI ex U.S. ETF during the fourth quarter valued at $30,789,000.

iShares MSCI ACWI ex U.S. ETF Company Profile

The iShares MSCI ACWI ex U.S. ETF (ACWX) is an exchange-traded fund that is based on the MSCI AC World ex USA index. The fund tracks the performance of a market-cap-weighted index of international stocks. It captures 85% of the publicly available market, thus excluding small-caps. ACWX was launched on Mar 26, 2008 and is managed by BlackRock.