iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Sets New 52-Week High – Should You Buy?

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) shares hit a new 52-week high during trading on Monday . The stock traded as high as $60.13 and last traded at $60.13, with a volume of 1328201 shares. The stock had previously closed at $59.48.

iShares MSCI ACWI ex U.S. ETF Stock Performance

The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 16.00 and a beta of 0.82. The firm’s 50 day moving average is $56.40 and its 200-day moving average is $55.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Copia Wealth Management bought a new stake in iShares MSCI ACWI ex U.S. ETF during the fourth quarter worth approximately $28,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of iShares MSCI ACWI ex U.S. ETF in the fourth quarter worth $30,000. Assetmark Inc. bought a new stake in shares of iShares MSCI ACWI ex U.S. ETF during the 4th quarter worth $39,000. Allianz SE acquired a new position in iShares MSCI ACWI ex U.S. ETF in the 1st quarter valued at $39,000. Finally, CoreFirst Bank & Trust bought a new position in iShares MSCI ACWI ex U.S. ETF in the 4th quarter worth $51,000.

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.