Commonwealth Equity Services LLC Makes New Investment in iShares MSCI ACWI ex U.S. ETF $ACWX

Commonwealth Equity Services LLC purchased a new position in shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 247,856 shares of the company’s stock, valued at approximately $18,743,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new stake in shares of iShares MSCI ACWI ex U.S. ETF during the 3rd quarter valued at about $407,203,000. Park Avenue Securities LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 3rd quarter worth approximately $268,374,000. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI ACWI ex U.S. ETF by 21.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,621,489 shares of the company’s stock valued at $199,521,000 after acquiring an additional 469,335 shares during the period. German American Bancorp Inc. increased its stake in shares of iShares MSCI ACWI ex U.S. ETF by 4.1% in the first quarter. German American Bancorp Inc. now owns 1,677,698 shares of the company’s stock worth $114,872,000 after purchasing an additional 65,595 shares in the last quarter. Finally, Winthrop Advisory Group LLC lifted its holdings in shares of iShares MSCI ACWI ex U.S. ETF by 3.5% in the third quarter. Winthrop Advisory Group LLC now owns 1,431,505 shares of the company’s stock worth $108,250,000 after buying an additional 48,837 shares in the last quarter.

iShares MSCI ACWI ex U.S. ETF Trading Down 0.7%

ACWX stock opened at $73.61 on Wednesday. The company’s 50 day moving average is $75.44 and its 200 day moving average is $74.21. iShares MSCI ACWI ex U.S. ETF has a 1-year low of $64.01 and a 1-year high of $78.78. The stock has a market cap of $17.89 billion, a price-to-earnings ratio of 14.74 and a beta of 0.79.

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.