Financial Advocates Investment Management Sells 1,318 Shares of iShares MSCI ACWI ETF (NASDAQ:ACWI)

Financial Advocates Investment Management cut its stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,081 shares of the company’s stock after selling 1,318 shares during the period. Financial Advocates Investment Management’s holdings in iShares MSCI ACWI ETF were worth $1,655,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Granger Management LLC boosted its position in iShares MSCI ACWI ETF by 252.2% in the fourth quarter. Granger Management LLC now owns 1,339,321 shares of the company’s stock worth $157,370,000 after purchasing an additional 959,000 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of iShares MSCI ACWI ETF by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,265,639 shares of the company’s stock worth $151,307,000 after purchasing an additional 29,008 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI ACWI ETF by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 926,523 shares of the company’s stock worth $110,766,000 after buying an additional 105,951 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in iShares MSCI ACWI ETF by 16,345.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 916,174 shares of the company’s stock valued at $109,529,000 after buying an additional 910,603 shares during the period. Finally, National Bank of Canada FI increased its holdings in iShares MSCI ACWI ETF by 6.1% during the third quarter. National Bank of Canada FI now owns 892,006 shares of the company’s stock worth $106,639,000 after buying an additional 51,481 shares during the last quarter. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Stock Performance

Shares of ACWI stock opened at $122.31 on Friday. iShares MSCI ACWI ETF has a 52 week low of $102.89 and a 52 week high of $123.58. The firm’s 50-day simple moving average is $120.11 and its two-hundred day simple moving average is $117.99. The firm has a market cap of $19.96 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93.

iShares MSCI ACWI ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $1.0662 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.