iShares MSCI ACWI ETF (NASDAQ:ACWI) Hits New 1-Year High – Still a Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $151.55 and last traded at $151.50, with a volume of 2169852 shares trading hands. The stock had previously closed at $149.14.

iShares MSCI ACWI ETF Stock Up 1.6%

The firm has a fifty day simple moving average of $143.89 and a 200-day simple moving average of $142.86. The company has a market cap of $31.34 billion, a PE ratio of 20.91 and a beta of 0.92.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its stake in iShares MSCI ACWI ETF by 13.9% during the 1st quarter. Kestra Advisory Services LLC now owns 5,943 shares of the company’s stock worth $822,000 after buying an additional 723 shares during the last quarter. Orin Green Financial LLC grew its stake in iShares MSCI ACWI ETF by 26.8% during the 1st quarter. Orin Green Financial LLC now owns 3,645 shares of the company’s stock worth $504,000 after buying an additional 771 shares during the last quarter. Advance Capital Management Inc. grew its stake in iShares MSCI ACWI ETF by 8.9% during the 1st quarter. Advance Capital Management Inc. now owns 1,695 shares of the company’s stock worth $235,000 after buying an additional 139 shares during the last quarter. Bogart Wealth LLC grew its stake in iShares MSCI ACWI ETF by 13.4% during the 1st quarter. Bogart Wealth LLC now owns 1,031,925 shares of the company’s stock worth $142,787,000 after buying an additional 121,832 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in iShares MSCI ACWI ETF during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 61.52% of the company’s stock.

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.