PNC Financial Services Group Inc. Raises Stake in iShares MSCI ACWI ETF $ACWI

PNC Financial Services Group Inc. increased its position in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,359,545 shares of the company’s stock after buying an additional 98,146 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI ACWI ETF were worth $174,837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cherrydale Wealth Management LLC increased its holdings in iShares MSCI ACWI ETF by 0.8% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 10,555 shares of the company’s stock valued at $1,357,000 after acquiring an additional 80 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in iShares MSCI ACWI ETF by 0.8% during the second quarter. TFO Wealth Partners LLC now owns 11,616 shares of the company’s stock worth $1,494,000 after buying an additional 89 shares during the period. Sheets Smith Wealth Management raised its position in iShares MSCI ACWI ETF by 1.4% in the 2nd quarter. Sheets Smith Wealth Management now owns 7,029 shares of the company’s stock worth $904,000 after purchasing an additional 99 shares during the period. YHB Investment Advisors Inc. raised its holdings in shares of iShares MSCI ACWI ETF by 1.1% in the second quarter. YHB Investment Advisors Inc. now owns 9,300 shares of the company’s stock worth $1,196,000 after buying an additional 100 shares during the period. Finally, Ruggaard & Associates LLC boosted its holdings in iShares MSCI ACWI ETF by 3.9% during the 1st quarter. Ruggaard & Associates LLC now owns 2,923 shares of the company’s stock valued at $340,000 after acquiring an additional 110 shares during the period. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Price Performance

Shares of ACWI opened at $142.33 on Thursday. The company has a 50-day moving average of $138.71 and a 200 day moving average of $131.29. iShares MSCI ACWI ETF has a 1-year low of $101.25 and a 1-year high of $143.04. The firm has a market capitalization of $23.83 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93.

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.