Schrum Private Wealth Management LLC Invests $272,000 in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Schrum Private Wealth Management LLC bought a new stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,272 shares of the company’s stock, valued at approximately $272,000.

Several other hedge funds also recently made changes to their positions in ACWI. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of iShares MSCI ACWI ETF by 12.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 165,518 shares of the company’s stock valued at $18,604,000 after buying an additional 17,937 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of iShares MSCI ACWI ETF during the second quarter valued at approximately $204,000. Sanctuary Advisors LLC purchased a new position in iShares MSCI ACWI ETF during the second quarter valued at $797,000. Fifth Third Bancorp raised its position in shares of iShares MSCI ACWI ETF by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 14,827 shares of the company’s stock worth $1,667,000 after purchasing an additional 172 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares MSCI ACWI ETF by 10.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 213,652 shares of the company’s stock worth $24,014,000 after buying an additional 19,938 shares in the last quarter. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Trading Down 0.2 %

ACWI stock opened at $120.31 on Thursday. The stock has a market capitalization of $19.51 billion, a PE ratio of 19.74 and a beta of 0.93. iShares MSCI ACWI ETF has a 12-month low of $95.57 and a 12-month high of $121.86. The stock’s 50 day simple moving average is $118.37 and its 200 day simple moving average is $114.56.

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.