Phoenix Financial Ltd. decreased its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI – Free Report) by 37.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 940,202 shares of the company’s stock after selling 572,000 shares during the period. Phoenix Financial Ltd. owned about 0.45% of iShares MSCI ACWI ETF worth $139,048,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in iShares MSCI ACWI ETF during the third quarter valued at about $5,121,000. Bernicke Wealth Management Ltd. bought a new stake in iShares MSCI ACWI ETF during the third quarter worth about $79,244,000. Channel Wealth LLC boosted its holdings in shares of iShares MSCI ACWI ETF by 3.2% in the 3rd quarter. Channel Wealth LLC now owns 118,163 shares of the company’s stock worth $18,760,000 after purchasing an additional 3,677 shares in the last quarter. Diversified Trust Co purchased a new position in shares of iShares MSCI ACWI ETF in the 3rd quarter worth about $6,264,000. Finally, Vista Capital Partners Inc. purchased a new position in shares of iShares MSCI ACWI ETF in the 3rd quarter worth about $226,000. Hedge funds and other institutional investors own 61.52% of the company’s stock.
iShares MSCI ACWI ETF Stock Down 0.3%
Shares of iShares MSCI ACWI ETF stock traded down $0.43 during trading on Friday, hitting $156.10. 1,832,931 shares of the stock traded hands, compared to its average volume of 3,783,837. The stock has a market cap of $32.28 billion, a price-to-earnings ratio of 19.33 and a beta of 0.93. iShares MSCI ACWI ETF has a 52 week low of $133.65 and a 52 week high of $162.80. The firm’s fifty day moving average is $158.74 and its 200-day moving average is $153.52.
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.
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