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

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $121.86 and last traded at $121.85, with a volume of 904215 shares trading hands. The stock had previously closed at $120.95.

iShares MSCI ACWI ETF Price Performance

The company has a market capitalization of $19.75 billion, a PE ratio of 19.74 and a beta of 0.93. The company’s 50 day simple moving average is $119.55 and its 200 day simple moving average is $115.45.

Hedge Funds Weigh In On iShares MSCI ACWI ETF

Several hedge funds have recently added to or reduced their stakes in ACWI. Nomura Asset Management Co. Ltd. increased its stake in iShares MSCI ACWI ETF by 16,345.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 916,174 shares of the company’s stock valued at $109,529,000 after purchasing an additional 910,603 shares during the last quarter. Johns Hopkins University boosted its holdings in shares of iShares MSCI ACWI ETF by 15.5% in the second quarter. Johns Hopkins University now owns 5,935,538 shares of the company’s stock valued at $667,154,000 after acquiring an additional 798,483 shares during the period. Lee Johnson Capital Management LLC acquired a new stake in shares of iShares MSCI ACWI ETF in the second quarter valued at approximately $38,335,000. DRW Securities LLC boosted its holdings in shares of iShares MSCI ACWI ETF by 842.9% in the third quarter. DRW Securities LLC now owns 353,777 shares of the company’s stock valued at $42,294,000 after acquiring an additional 316,256 shares during the period. Finally, Bricktown Capital LLC boosted its holdings in shares of iShares MSCI ACWI ETF by 214.4% in the third quarter. Bricktown Capital LLC now owns 418,974 shares of the company’s stock valued at $50,088,000 after acquiring an additional 285,698 shares during the period. 61.52% of the stock is currently owned by hedge funds and other institutional investors.

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.