Financial Services Advisory Inc Grows Position in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Financial Services Advisory Inc raised its position in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 318.0% during the 3rd quarter, Holdings Channel reports. The fund owned 74,236 shares of the company’s stock after purchasing an additional 56,477 shares during the period. iShares MSCI ACWI ETF makes up approximately 2.1% of Financial Services Advisory Inc’s investment portfolio, making the stock its 16th biggest position. Financial Services Advisory Inc’s holdings in iShares MSCI ACWI ETF were worth $8,875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in iShares MSCI ACWI ETF by 12.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 165,518 shares of the company’s stock worth $18,604,000 after buying an additional 17,937 shares during the last quarter. Choate Investment Advisors lifted its holdings in shares of iShares MSCI ACWI ETF by 19.6% in the 1st quarter. Choate Investment Advisors now owns 10,058 shares of the company’s stock worth $1,108,000 after acquiring an additional 1,650 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of iShares MSCI ACWI ETF during the 2nd quarter worth about $204,000. Sanctuary Advisors LLC bought a new position in iShares MSCI ACWI ETF during the 2nd quarter valued at about $797,000. Finally, Fifth Third Bancorp raised its position in iShares MSCI ACWI ETF by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 14,827 shares of the company’s stock worth $1,667,000 after purchasing an additional 172 shares during the period. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Price Performance

Shares of NASDAQ:ACWI opened at $120.27 on Thursday. The firm has a market capitalization of $19.51 billion, a PE ratio of 19.74 and a beta of 0.93. The business has a 50 day simple moving average of $117.96 and a two-hundred day simple moving average of $114.09. iShares MSCI ACWI ETF has a 1 year low of $93.09 and a 1 year 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.