iShares MSCI ACWI ETF (NASDAQ:ACWI) Reaches New 12-Month High – Here’s Why

iShares MSCI ACWI ETF (NASDAQ:ACWI) shares hit a new 52-week high on Tuesday . The company traded as high as $160.13 and last traded at $160.13, with a volume of 1373305 shares traded. The stock had previously closed at $157.94.

iShares MSCI ACWI ETF Price Performance

The stock has a market capitalization of $33.43 billion, a P/E ratio of 20.91 and a beta of 0.92. The company’s 50-day simple moving average is $156.28 and its 200-day simple moving average is $149.79.

iShares MSCI ACWI ETF Dividend Announcement

The company also recently disclosed 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 was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI ACWI ETF

Hedge funds have recently bought and sold shares of the company. Godfrey Financial Associates Inc. bought a new position in iShares MSCI ACWI ETF during the fourth quarter worth about $27,000. Triumph Capital Management bought a new stake in iShares MSCI ACWI ETF in the third quarter valued at approximately $27,000. Smith & Howard Wealth Management LLC bought a new stake in iShares MSCI ACWI ETF in the fourth quarter valued at approximately $31,000. Root Financial Partners LLC lifted its position in shares of iShares MSCI ACWI ETF by 7,100.0% in the fourth quarter. Root Financial Partners LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 213 shares during the last quarter. Finally, Advisortrust Partners LLC acquired a new stake in shares of iShares MSCI ACWI ETF in the first quarter valued at approximately $32,000. 61.52% of the stock is currently owned by institutional investors and hedge funds.

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.