Navellier & Associates Inc. Invests $297,000 in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Navellier & Associates Inc. purchased a new stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,914 shares of the company’s stock, valued at approximately $297,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp purchased a new position in shares of iShares MSCI ACWI ETF during the fourth quarter valued at approximately $30,000. Principal Securities Inc. bought a new stake in iShares MSCI ACWI ETF in the fourth quarter valued at $31,000. Sound Income Strategies LLC purchased a new position in iShares MSCI ACWI ETF during the 4th quarter valued at $40,000. DiNuzzo Private Wealth Inc. bought a new position in iShares MSCI ACWI ETF in the 4th quarter worth $45,000. Finally, MayTech Global Investments LLC purchased a new stake in shares of iShares MSCI ACWI ETF in the 3rd quarter worth about $41,000. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Performance

Shares of NASDAQ ACWI traded up $0.26 during midday trading on Friday, hitting $112.16. 1,785,055 shares of the company traded hands, compared to its average volume of 3,615,722. iShares MSCI ACWI ETF has a 12-month low of $88.33 and a 12-month high of $112.36. The firm has a market cap of $18.73 billion, a P/E ratio of 19.74 and a beta of 0.93. The stock has a 50-day moving average price of $108.58 and a 200 day moving average price of $103.59.

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.