Jennison Associates LLC Sells 28,684 Shares of iShares MSCI ACWI ETF (NASDAQ:ACWI)

Jennison Associates LLC decreased its stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 55.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,589 shares of the company’s stock after selling 28,684 shares during the period. Jennison Associates LLC’s holdings in iShares MSCI ACWI ETF were worth $2,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baystate Wealth Management LLC lifted its holdings in shares of iShares MSCI ACWI ETF by 12.5% during the 3rd quarter. Baystate Wealth Management LLC now owns 1,064 shares of the company’s stock valued at $98,000 after buying an additional 118 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its position in iShares MSCI ACWI ETF by 0.4% in the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 33,925 shares of the company’s stock worth $3,134,000 after purchasing an additional 137 shares during the last quarter. GenTrust LLC boosted its position in iShares MSCI ACWI ETF by 2.2% in the fourth quarter. GenTrust LLC now owns 7,367 shares of the company’s stock worth $750,000 after purchasing an additional 158 shares during the last quarter. PFW Advisors LLC grew its stake in shares of iShares MSCI ACWI ETF by 1.1% during the 4th quarter. PFW Advisors LLC now owns 17,568 shares of the company’s stock valued at $1,788,000 after purchasing an additional 187 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of iShares MSCI ACWI ETF by 2.3% during the 4th quarter. Global Retirement Partners LLC now owns 8,796 shares of the company’s stock valued at $884,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Trading Up 0.9 %

ACWI opened at $107.38 on Friday. The company’s 50 day moving average is $107.76 and its 200 day moving average is $101.73. The company has a market cap of $18.34 billion, a price-to-earnings ratio of 19.12 and a beta of 0.93. iShares MSCI ACWI ETF has a 12-month low of $88.33 and a 12-month high of $110.45.

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.