iShares MSCI ACWI ETF (NASDAQ:ACWI) Reaches New 1-Year High – Should You Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $152.60 and last traded at $152.35, with a volume of 4058888 shares changing hands. The stock had previously closed at $150.70.

iShares MSCI ACWI ETF Stock Up 1.1%

The firm has a market cap of $31.51 billion, a P/E ratio of 20.91 and a beta of 0.92. The stock’s 50-day simple moving average is $144.09 and its 200 day simple moving average is $143.09.

Hedge Funds Weigh In On iShares MSCI ACWI ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ACWI. Quent Capital LLC bought a new position in shares of iShares MSCI ACWI ETF during the 3rd quarter worth about $25,000. Triumph Capital Management bought a new position in shares of iShares MSCI ACWI ETF during the 3rd quarter worth about $27,000. Godfrey Financial Associates Inc. bought a new position in shares of iShares MSCI ACWI ETF during the 4th quarter worth about $27,000. Smith & Howard Wealth Management LLC bought a new position in shares of iShares MSCI ACWI ETF during the 4th quarter worth about $31,000. Finally, Root Financial Partners LLC boosted its position in shares of iShares MSCI ACWI ETF by 7,100.0% during the 4th quarter. Root Financial Partners LLC now owns 216 shares of the company’s stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 61.52% of the company’s stock.

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.