Avidian Wealth Enterprises LLC Cuts Stock Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Avidian Wealth Enterprises LLC reduced its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 2.5% during the third quarter, HoldingsChannel reports. The firm owned 17,764 shares of the company’s stock after selling 448 shares during the period. Avidian Wealth Enterprises LLC’s holdings in iShares MSCI ACWI ETF were worth $2,124,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. JFG Wealth Management LLC boosted its holdings in shares of iShares MSCI ACWI ETF by 258.9% in the 3rd quarter. JFG Wealth Management LLC now owns 13,578 shares of the company’s stock worth $1,623,000 after purchasing an additional 9,795 shares in the last quarter. Arlington Capital Management Inc. bought a new stake in iShares MSCI ACWI ETF in the 3rd quarter worth approximately $5,366,000. GFS Advisors LLC boosted its stake in iShares MSCI ACWI ETF by 262,550.0% in the third quarter. GFS Advisors LLC now owns 131,325 shares of the company’s stock worth $15,700,000 after buying an additional 131,275 shares in the last quarter. Janney Montgomery Scott LLC grew its position in iShares MSCI ACWI ETF by 4.2% during the third quarter. Janney Montgomery Scott LLC now owns 12,087 shares of the company’s stock valued at $1,445,000 after acquiring an additional 485 shares during the last quarter. Finally, Pure Financial Advisors LLC raised its stake in shares of iShares MSCI ACWI ETF by 6.7% during the third quarter. Pure Financial Advisors LLC now owns 15,473 shares of the company’s stock worth $1,850,000 after acquiring an additional 972 shares in the last quarter. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Stock Up 1.2 %

Shares of NASDAQ:ACWI opened at $118.85 on Wednesday. The stock has a market cap of $19.28 billion, a PE ratio of 19.74 and a beta of 0.93. The company’s fifty day moving average is $117.88 and its 200 day moving average is $114.05. iShares MSCI ACWI ETF has a 52 week low of $93.09 and a 52 week high of $120.93.

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.