Sequoia Financial Advisors LLC Buys 201,224 Shares of iShares MSCI ACWI ETF $ACWI

Sequoia Financial Advisors LLC raised its stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 17.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,325,997 shares of the company’s stock after purchasing an additional 201,224 shares during the period. iShares MSCI ACWI ETF accounts for 1.2% of Sequoia Financial Advisors LLC’s holdings, making the stock its 14th biggest position. Sequoia Financial Advisors LLC’s holdings in iShares MSCI ACWI ETF were worth $170,523,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. MGO One Seven LLC grew its holdings in iShares MSCI ACWI ETF by 832.8% during the second quarter. MGO One Seven LLC now owns 66,422 shares of the company’s stock valued at $8,542,000 after purchasing an additional 59,301 shares during the period. Pathway Financial Advisors LLC grew its holdings in iShares MSCI ACWI ETF by 6,875.8% during the second quarter. Pathway Financial Advisors LLC now owns 244,292 shares of the company’s stock valued at $31,416,000 after purchasing an additional 240,790 shares during the period. Gibson Capital LLC bought a new stake in iShares MSCI ACWI ETF during the second quarter valued at about $212,000. CWM LLC grew its holdings in iShares MSCI ACWI ETF by 5.8% during the second quarter. CWM LLC now owns 108,514 shares of the company’s stock valued at $13,955,000 after purchasing an additional 5,963 shares during the period. Finally, GFS Advisors LLC grew its holdings in iShares MSCI ACWI ETF by 15.9% during the second quarter. GFS Advisors LLC now owns 202,200 shares of the company’s stock valued at $26,003,000 after purchasing an additional 27,765 shares during the period. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Down 2.6%

NASDAQ ACWI opened at $135.71 on Monday. The firm has a market cap of $22.42 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93. The business has a 50-day moving average price of $135.17 and a 200-day moving average price of $126.69. iShares MSCI ACWI ETF has a twelve month low of $101.25 and a twelve month high of $140.24.

iShares MSCI ACWI ETF Company Profile

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.