iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Reaches New 1-Year Low – Here’s Why

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX)’s share price hit a new 52-week low on Monday . The stock traded as low as $49.14 and last traded at $50.09, with a volume of 4180 shares. The stock had previously closed at $51.22.

iShares MSCI ACWI ex U.S. ETF Price Performance

The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 15.00 and a beta of 0.82. The stock has a fifty day moving average of $55.31 and a two-hundred day moving average of $54.71.

Hedge Funds Weigh In On iShares MSCI ACWI ex U.S. ETF

A number of hedge funds have recently made changes to their positions in ACWX. WBH Advisory Inc. raised its holdings in iShares MSCI ACWI ex U.S. ETF by 22.9% during the 4th quarter. WBH Advisory Inc. now owns 13,638 shares of the company’s stock worth $711,000 after purchasing an additional 2,545 shares during the last quarter. Rhumbline Advisers raised its stake in iShares MSCI ACWI ex U.S. ETF by 41.5% during the fourth quarter. Rhumbline Advisers now owns 202,301 shares of the company’s stock worth $10,552,000 after buying an additional 59,380 shares during the last quarter. GAMMA Investing LLC lifted its holdings in iShares MSCI ACWI ex U.S. ETF by 51.0% in the fourth quarter. GAMMA Investing LLC now owns 1,984 shares of the company’s stock valued at $103,000 after buying an additional 670 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares MSCI ACWI ex U.S. ETF by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 629,849 shares of the company’s stock valued at $36,040,000 after buying an additional 82,015 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in iShares MSCI ACWI ex U.S. ETF by 48.8% during the fourth quarter. Bank of New York Mellon Corp now owns 70,990 shares of the company’s stock valued at $3,703,000 after acquiring an additional 23,283 shares during the last quarter.

iShares MSCI ACWI ex U.S. ETF Company Profile

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.