iShares MSCI ACWI ETF (NASDAQ:ACWI) Reaches New 52-Week High – Should You Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $147.52 and last traded at $147.4880, with a volume of 1731027 shares trading hands. The stock had previously closed at $146.28.

iShares MSCI ACWI ETF Stock Performance

The business has a fifty day moving average of $143.48 and a two-hundred day moving average of $139.09. The firm has a market capitalization of $27.27 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93.

iShares MSCI ACWI ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ACWI. Mass General Brigham Inc acquired a new stake in iShares MSCI ACWI ETF during the fourth quarter worth approximately $652,828,000. Qalhat Capital Ltd lifted its position in shares of iShares MSCI ACWI ETF by 46.4% during the 2nd quarter. Qalhat Capital Ltd now owns 3,588,206 shares of the company’s stock valued at $461,443,000 after acquiring an additional 1,137,134 shares during the period. Phoenix Financial Ltd. grew its holdings in shares of iShares MSCI ACWI ETF by 41.7% during the 3rd quarter. Phoenix Financial Ltd. now owns 3,247,975 shares of the company’s stock worth $449,120,000 after purchasing an additional 955,464 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of iShares MSCI ACWI ETF by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,386,990 shares of the company’s stock worth $196,245,000 after purchasing an additional 12,647 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in iShares MSCI ACWI ETF by 17.9% in the second quarter. Sequoia Financial Advisors LLC now owns 1,325,997 shares of the company’s stock valued at $170,523,000 after purchasing an additional 201,224 shares in the last quarter. Institutional investors and hedge funds own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Company 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.