Summit Financial LLC Invests $1.29 Million in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Summit Financial LLC acquired a new stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,932 shares of the company’s stock, valued at approximately $1,285,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Alliancebernstein L.P. boosted its stake in iShares MSCI ACWI ETF by 24.7% during the fourth quarter. Alliancebernstein L.P. now owns 514,539 shares of the company’s stock worth $60,458,000 after acquiring an additional 101,800 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of iShares MSCI ACWI ETF by 27.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,945 shares of the company’s stock valued at $5,399,000 after purchasing an additional 10,033 shares during the period. Life Planning Partners Inc bought a new position in shares of iShares MSCI ACWI ETF during the 4th quarter worth about $2,678,000. RWA Wealth Partners LLC grew its stake in shares of iShares MSCI ACWI ETF by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 15,679 shares of the company’s stock valued at $1,842,000 after buying an additional 231 shares during the period. Finally, Allianz SE acquired a new stake in shares of iShares MSCI ACWI ETF in the 4th quarter valued at about $62,927,000. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Performance

ACWI stock opened at $116.80 on Wednesday. The stock’s 50 day simple moving average is $120.21 and its 200 day simple moving average is $119.75. The company has a market cap of $18.87 billion, a P/E ratio of 21.22 and a beta of 0.93. iShares MSCI ACWI ETF has a fifty-two week low of $104.29 and a fifty-two week high of $124.15.

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.