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

iShares MSCI ACWI ETF (NASDAQ:ACWI) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $148.55 and last traded at $148.5450, with a volume of 1710590 shares. The stock had previously closed at $147.33.

iShares MSCI ACWI ETF Stock Performance

The business’s 50-day moving average price is $144.54 and its 200-day moving average price is $140.33. The stock has a market cap of $27.50 billion, a P/E ratio of 20.91 and a beta of 0.93.

iShares MSCI ACWI ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $1.2353 dividend. This represents a dividend yield of 176.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mawer Investment Management Ltd. bought a new stake in shares of iShares MSCI ACWI ETF during the third quarter worth $5,644,000. Permanent Capital Management LP bought a new position in shares of iShares MSCI ACWI ETF in the third quarter worth about $7,584,000. Drake & Associates LLC increased its stake in iShares MSCI ACWI ETF by 11.5% in the 3rd quarter. Drake & Associates LLC now owns 204,224 shares of the company’s stock worth $28,706,000 after buying an additional 20,997 shares during the period. Commonwealth Equity Services LLC increased its stake in iShares MSCI ACWI ETF by 11.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 61,579 shares of the company’s stock worth $8,513,000 after buying an additional 6,538 shares during the period. Finally, Assetmark Inc. lifted its holdings in iShares MSCI ACWI ETF by 73.1% during the 3rd quarter. Assetmark Inc. now owns 788,333 shares of the company’s stock valued at $108,979,000 after buying an additional 332,908 shares in the last quarter. 61.52% of the stock is owned by hedge funds and other institutional investors.

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.