iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Sees Large Volume Increase – Still a Buy?

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) shares saw unusually-high trading volume on Tuesday . Approximately 1,978,380 shares were traded during trading, an increase of 92% from the previous session’s volume of 1,029,926 shares.The stock last traded at $53.69 and had previously closed at $53.75.

iShares MSCI ACWI ex U.S. ETF Stock Performance

The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 14.05 and a beta of 0.82. The firm’s 50 day simple moving average is $55.57 and its 200 day simple moving average is $54.56.

Hedge Funds Weigh In On iShares MSCI ACWI ex U.S. ETF

A number of institutional investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in iShares MSCI ACWI ex U.S. ETF during the second quarter worth about $30,000. National Bank of Canada FI grew its stake in shares of iShares MSCI ACWI ex U.S. ETF by 1,622.0% during the 2nd quarter. National Bank of Canada FI now owns 861 shares of the company’s stock worth $46,000 after purchasing an additional 811 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of iShares MSCI ACWI ex U.S. ETF during the 2nd quarter worth approximately $53,000. Reston Wealth Management LLC purchased a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 3rd quarter valued at approximately $69,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of iShares MSCI ACWI ex U.S. ETF in the 3rd quarter valued at $80,000.

iShares MSCI ACWI ex U.S. ETF Company 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.