iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Hits New 52-Week High – Here’s Why

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $76.60 and last traded at $76.60, with a volume of 47780 shares trading hands. The stock had previously closed at $75.09.

iShares MSCI ACWI ex U.S. ETF Stock Performance

The business’s fifty day moving average price is $71.89 and its 200-day moving average price is $70.06. The stock has a market cap of $11.55 billion, a PE ratio of 16.03 and a beta of 0.77.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ACWX. Simplex Trading LLC bought a new position in iShares MSCI ACWI ex U.S. ETF in the fourth quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new position in iShares MSCI ACWI ex U.S. ETF during the fourth quarter valued at approximately $29,000. Cedar Mountain Advisors LLC purchased a new position in iShares MSCI ACWI ex U.S. ETF during the first quarter valued at approximately $29,000. Bartlett & CO. Wealth Management LLC purchased a new position in iShares MSCI ACWI ex U.S. ETF during the first quarter valued at approximately $31,000. Finally, Caitlin John LLC purchased a new position in shares of iShares MSCI ACWI ex U.S. ETF in the third quarter worth $33,000.

About iShares MSCI ACWI ex U.S. ETF

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.