iShares MSCI ACWI ETF (NASDAQ:ACWI) Sets New 52-Week High – Time to Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI) shares reached a new 52-week high during trading on Thursday . The company traded as high as $123.16 and last traded at $123.11, with a volume of 237554 shares. The stock had previously closed at $122.90.

iShares MSCI ACWI ETF Trading Up 0.1 %

The firm has a market capitalization of $19.97 billion, a PE ratio of 19.74 and a beta of 0.93. The company has a fifty day moving average price of $119.99 and a two-hundred day moving average price of $115.90.

Institutional Investors Weigh In On iShares MSCI ACWI ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Johns Hopkins University raised its position in iShares MSCI ACWI ETF by 15.5% in the 2nd quarter. Johns Hopkins University now owns 5,935,538 shares of the company’s stock valued at $667,154,000 after purchasing an additional 798,483 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in iShares MSCI ACWI ETF by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,265,639 shares of the company’s stock valued at $151,307,000 after purchasing an additional 29,008 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of iShares MSCI ACWI ETF by 16,345.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 916,174 shares of the company’s stock valued at $109,529,000 after buying an additional 910,603 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of iShares MSCI ACWI ETF by 6.1% during the third quarter. National Bank of Canada FI now owns 892,006 shares of the company’s stock worth $106,639,000 after buying an additional 51,481 shares during the last quarter. Finally, Dimension Capital Management LLC increased its position in iShares MSCI ACWI ETF by 1.8% in the 2nd quarter. Dimension Capital Management LLC now owns 881,300 shares of the company’s stock valued at $99,059,000 after acquiring an additional 15,656 shares during the period. Hedge funds and other institutional investors own 61.52% of the company’s stock.

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.