Beacon Investment Advisory Services Inc. Increases Stake in iShares MSCI ACWI ETF $ACWI

Beacon Investment Advisory Services Inc. increased its position in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 34.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 257,110 shares of the company’s stock after purchasing an additional 66,553 shares during the period. iShares MSCI ACWI ETF makes up 1.5% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 20th largest holding. Beacon Investment Advisory Services Inc. owned about 0.12% of iShares MSCI ACWI ETF worth $40,358,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ACWI. Comerica Bank lifted its stake in shares of iShares MSCI ACWI ETF by 14.8% during the 4th quarter. Comerica Bank now owns 88,424 shares of the company’s stock worth $12,511,000 after acquiring an additional 11,430 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in iShares MSCI ACWI ETF by 255.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 483,180 shares of the company’s stock worth $68,365,000 after purchasing an additional 347,070 shares during the period. Capital International Investors lifted its position in shares of iShares MSCI ACWI ETF by 297.1% during the fourth quarter. Capital International Investors now owns 762,501 shares of the company’s stock worth $108,588,000 after purchasing an additional 570,493 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares MSCI ACWI ETF by 94.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 184,931 shares of the company’s stock worth $26,166,000 after purchasing an additional 89,963 shares during the last quarter. Finally, Lee Johnson Capital Management LLC boosted its stake in shares of iShares MSCI ACWI ETF by 88.2% during the first quarter. Lee Johnson Capital Management LLC now owns 14,751 shares of the company’s stock valued at $2,041,000 after purchasing an additional 6,914 shares during the period. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Price Performance

ACWI stock opened at $161.44 on Friday. The company has a market capitalization of $33.55 billion, a PE ratio of 20.91 and a beta of 0.92. iShares MSCI ACWI ETF has a 12 month low of $129.82 and a 12 month high of $161.72. The firm’s 50-day moving average is $156.48 and its 200 day moving average is $150.20.

iShares MSCI ACWI ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $1.0097 per share. The ex-dividend date of this dividend was Monday, June 15th.

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.