Parallel Advisors LLC Buys 159 Shares of iShares MSCI ACWI ETF (NASDAQ:ACWI)

Parallel Advisors LLC grew its holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 58,636 shares of the company’s stock after buying an additional 159 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MSCI ACWI ETF were worth $6,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACWI. Synergy Investment Management LLC purchased a new position in iShares MSCI ACWI ETF in the 4th quarter worth approximately $35,000. Pacifica Partners Inc. bought a new stake in shares of iShares MSCI ACWI ETF during the 4th quarter valued at about $40,000. Centerpoint Advisors LLC purchased a new position in iShares MSCI ACWI ETF during the 4th quarter valued at about $54,000. Rialto Wealth Management LLC purchased a new position in iShares MSCI ACWI ETF during the 4th quarter valued at about $59,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI ACWI ETF in the third quarter worth about $67,000. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Up 2.0 %

Shares of ACWI stock opened at $117.45 on Monday. The company has a 50 day moving average price of $120.28 and a 200-day moving average price of $119.49. iShares MSCI ACWI ETF has a 52 week low of $104.29 and a 52 week high of $124.15. The firm has a market capitalization of $18.98 billion, a PE ratio of 22.13 and a beta of 0.93.

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.