Allianz SE Purchases Shares of 535,550 iShares MSCI ACWI ETF (NASDAQ:ACWI)

Allianz SE acquired a new position in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) in the 4th quarter, HoldingsChannel reports. The fund acquired 535,550 shares of the company’s stock, valued at approximately $62,927,000. iShares MSCI ACWI ETF makes up 1.6% of Allianz SE’s holdings, making the stock its 9th largest position.

Other hedge funds also recently modified their holdings of the company. Synergy Investment Management LLC acquired a new position in iShares MSCI ACWI ETF during the 4th quarter worth approximately $35,000. Pacifica Partners Inc. acquired a new position in shares of iShares MSCI ACWI ETF during the fourth quarter worth approximately $40,000. Centerpoint Advisors LLC bought a new position in shares of iShares MSCI ACWI ETF in the 4th quarter worth $54,000. Rialto Wealth Management LLC acquired a new stake in iShares MSCI ACWI ETF in the 4th quarter valued at $59,000. Finally, Avior Wealth Management LLC increased its stake in iShares MSCI ACWI ETF by 405.0% during the 4th quarter. Avior Wealth Management LLC now owns 601 shares of the company’s stock valued at $71,000 after purchasing an additional 482 shares in the last quarter. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Price Performance

Shares of NASDAQ ACWI opened at $116.24 on Friday. The company has a 50-day moving average price of $120.36 and a 200-day moving average price of $119.67. The stock has a market capitalization of $18.78 billion, a P/E ratio of 21.22 and a beta of 0.93. iShares MSCI ACWI ETF has a 1 year low of $104.29 and a 1 year high of $124.15.

iShares MSCI ACWI ETF Profile

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.