iShares MSCI ACWI ETF (NASDAQ:ACWI) Sets New 12-Month High – Here’s Why

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $148.77 and last traded at $148.75, with a volume of 1816137 shares. The stock had previously closed at $148.11.

iShares MSCI ACWI ETF Trading Up 0.4%

The firm has a 50-day moving average of $143.09 and a 200 day moving average of $142.04. The stock has a market capitalization of $30.55 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92.

Hedge Funds Weigh In On iShares MSCI ACWI ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. J. Derek Lewis & Associates Inc. purchased a new stake in iShares MSCI ACWI ETF during the 4th quarter worth approximately $1,051,000. Purpose Unlimited Inc. purchased a new stake in iShares MSCI ACWI ETF during the 4th quarter worth approximately $31,523,000. Hsbc Holdings PLC increased its holdings in iShares MSCI ACWI ETF by 5.9% during the 4th quarter. Hsbc Holdings PLC now owns 740,472 shares of the company’s stock worth $104,769,000 after purchasing an additional 41,046 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in iShares MSCI ACWI ETF by 8.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 194,677 shares of the company’s stock worth $27,545,000 after purchasing an additional 15,575 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in iShares MSCI ACWI ETF by 1.8% during the 4th quarter. Corient Private Wealth LLC now owns 781,591 shares of the company’s stock worth $110,587,000 after purchasing an additional 14,018 shares during the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI ACWI ETF

The iShares MSCI ACWI ETF (ACWI) is an exchange-traded fund that is based on the MSCI AC World index. The fund tracks a market cap-weighted index of large- and mid-cap global stocks, covering 85% of the developed and emerging markets capitalization. ACWI was launched on Mar 26, 2008 and is managed by BlackRock.