iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Reaches New 52-Week Low – Time to Sell?

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $49.14 and last traded at $50.09, with a volume of 4180 shares changing hands. The stock had previously closed at $51.22.

iShares MSCI ACWI ex U.S. ETF Stock Down 1.4 %

The company has a market cap of $5.20 billion, a P/E ratio of 15.00 and a beta of 0.76. The business has a fifty day simple moving average of $55.56 and a two-hundred day simple moving average of $54.83.

Hedge Funds Weigh In On iShares MSCI ACWI ex U.S. ETF

Institutional investors have recently made changes to their positions in the business. WBH Advisory Inc. increased its holdings in iShares MSCI ACWI ex U.S. ETF by 22.9% during the fourth quarter. WBH Advisory Inc. now owns 13,638 shares of the company’s stock valued at $711,000 after buying an additional 2,545 shares during the last quarter. Rhumbline Advisers increased its stake in shares of iShares MSCI ACWI ex U.S. ETF by 41.5% in the 4th quarter. Rhumbline Advisers now owns 202,301 shares of the company’s stock worth $10,552,000 after purchasing an additional 59,380 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of iShares MSCI ACWI ex U.S. ETF by 51.0% in the 4th quarter. GAMMA Investing LLC now owns 1,984 shares of the company’s stock worth $103,000 after purchasing an additional 670 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI ACWI ex U.S. ETF by 15.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 629,849 shares of the company’s stock worth $36,040,000 after purchasing an additional 82,015 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in iShares MSCI ACWI ex U.S. ETF by 48.8% during the fourth quarter. Bank of New York Mellon Corp now owns 70,990 shares of the company’s stock valued at $3,703,000 after purchasing an additional 23,283 shares in the last quarter.

About iShares MSCI ACWI ex U.S. ETF

The iShares MSCI ACWI ex U.S. ETF (ACWX) is an exchange-traded fund that is based on the MSCI AC World ex USA index. The fund tracks the performance of a market-cap-weighted index of international stocks. It captures 85% of the publicly available market, thus excluding small-caps. ACWX was launched on Mar 26, 2008 and is managed by BlackRock.