Independent Wealth Network Inc. Cuts Stake in iShares MSCI ACWI ETF $ACWI

Independent Wealth Network Inc. reduced its holdings in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 51.0% during the first quarter, Holdings Channel reports. The fund owned 21,856 shares of the company’s stock after selling 22,739 shares during the period. iShares MSCI ACWI ETF comprises about 0.9% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 21st biggest position. Independent Wealth Network Inc.’s holdings in iShares MSCI ACWI ETF were worth $3,024,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ACWI. NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI ACWI ETF by 16.9% in the 1st quarter. NewEdge Advisors LLC now owns 10,952 shares of the company’s stock worth $1,275,000 after acquiring an additional 1,585 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of iShares MSCI ACWI ETF by 101.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,707 shares of the company’s stock valued at $548,000 after purchasing an additional 2,365 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in iShares MSCI ACWI ETF in the 2nd quarter worth $270,000. First Trust Advisors LP raised its position in iShares MSCI ACWI ETF by 66.1% in the 2nd quarter. First Trust Advisors LP now owns 5,339 shares of the company’s stock worth $687,000 after purchasing an additional 2,125 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in iShares MSCI ACWI ETF by 333.3% in the second quarter. Quantinno Capital Management LP now owns 50,142 shares of the company’s stock worth $6,448,000 after purchasing an additional 38,569 shares during the last quarter. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Stock Up 0.3%

iShares MSCI ACWI ETF stock opened at $154.70 on Friday. The firm has a fifty day simple moving average of $154.54 and a two-hundred day simple moving average of $147.23. iShares MSCI ACWI ETF has a twelve month low of $126.80 and a twelve month high of $160.03. The company has a market capitalization of $31.99 billion, a PE ratio of 20.91 and a beta of 0.92.

iShares MSCI ACWI ETF Dividend Announcement

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

iShares MSCI ACWI ETF 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.