iShares MSCI ACWI ETF (NASDAQ:ACWI) Reaches New 12-Month High – Here’s What Happened

iShares MSCI ACWI ETF (NASDAQ:ACWI) reached a new 52-week high during trading on Friday . The company traded as high as $121.86 and last traded at $121.85, with a volume of 904215 shares changing hands. The stock had previously closed at $120.95.

iShares MSCI ACWI ETF Stock Up 0.7 %

The stock’s 50-day simple moving average is $119.55 and its 200 day simple moving average is $115.45. The company has a market cap of $19.75 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93.

Institutional Trading of iShares MSCI ACWI ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ACWI. Nomura Asset Management Co. Ltd. increased its stake 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 worth $109,529,000 after purchasing an additional 910,603 shares during the period. Johns Hopkins University increased its stake in shares of iShares MSCI ACWI ETF by 15.5% during the second quarter. Johns Hopkins University now owns 5,935,538 shares of the company’s stock worth $667,154,000 after buying an additional 798,483 shares during the period. Lee Johnson Capital Management LLC purchased a new stake in shares of iShares MSCI ACWI ETF during the second quarter worth approximately $38,335,000. DRW Securities LLC increased its stake in shares of iShares MSCI ACWI ETF by 842.9% during the third quarter. DRW Securities LLC now owns 353,777 shares of the company’s stock worth $42,294,000 after buying an additional 316,256 shares during the period. Finally, Bricktown Capital LLC increased its stake in shares of iShares MSCI ACWI ETF by 214.4% during the third quarter. Bricktown Capital LLC now owns 418,974 shares of the company’s stock worth $50,088,000 after buying an additional 285,698 shares during the period. 61.52% of the stock is currently owned by hedge funds and other institutional investors.

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.