Jennison Associates LLC Sells 18,982 Shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX)

Jennison Associates LLC cut its position in shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,367 shares of the company’s stock after selling 18,982 shares during the quarter. Jennison Associates LLC’s holdings in iShares MSCI ACWI ex U.S. ETF were worth $3,643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACWX. Fifth Third Bancorp bought a new stake in shares of iShares MSCI ACWI ex U.S. ETF during the third quarter valued at approximately $41,000. DB Wealth Management Group LLC increased its holdings in iShares MSCI ACWI ex U.S. ETF by 49.3% in the 3rd quarter. DB Wealth Management Group LLC now owns 1,214 shares of the company’s stock valued at $57,000 after buying an additional 401 shares during the period. Family Asset Management LLC acquired a new position in shares of iShares MSCI ACWI ex U.S. ETF in the 3rd quarter valued at $108,000. WCM Investment Management LLC acquired a new position in shares of iShares MSCI ACWI ex U.S. ETF in the 4th quarter valued at $153,000. Finally, Sheets Smith Wealth Management bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 3rd quarter worth about $149,000.

iShares MSCI ACWI ex U.S. ETF Stock Up 0.8 %

NASDAQ ACWX opened at $52.53 on Friday. iShares MSCI ACWI ex U.S. ETF has a twelve month low of $44.89 and a twelve month high of $53.74. The stock has a market cap of $4.56 billion, a P/E ratio of 13.49 and a beta of 0.82. The company’s 50-day simple moving average is $52.50 and its 200 day simple moving average is $50.27.

iShares MSCI ACWI ex U.S. ETF 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.