Phoenix Financial Ltd. Sells 1,846,637 Shares of iShares MSCI ACWI ETF $ACWI

Phoenix Financial Ltd. lowered its holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 56.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,401,338 shares of the company’s stock after selling 1,846,637 shares during the quarter. iShares MSCI ACWI ETF accounts for about 2.1% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 12th biggest position. Phoenix Financial Ltd. owned about 0.76% of iShares MSCI ACWI ETF worth $198,275,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in shares of iShares MSCI ACWI ETF by 16.9% in the 1st quarter. NewEdge Advisors LLC now owns 10,952 shares of the company’s stock worth $1,275,000 after buying an additional 1,585 shares in the last quarter. Jones Financial Companies Lllp grew its position in iShares MSCI ACWI ETF by 101.0% in the first quarter. Jones Financial Companies Lllp now owns 4,707 shares of the company’s stock valued at $548,000 after acquiring an additional 2,365 shares during the period. Russell Investments Group Ltd. acquired a new position in iShares MSCI ACWI ETF during the second quarter worth $270,000. First Trust Advisors LP raised its stake in iShares MSCI ACWI ETF by 66.1% during the second quarter. First Trust Advisors LP now owns 5,339 shares of the company’s stock worth $687,000 after acquiring an additional 2,125 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of iShares MSCI ACWI ETF by 333.3% during the second quarter. Quantinno Capital Management LP now owns 50,142 shares of the company’s stock valued at $6,448,000 after acquiring an additional 38,569 shares during the period. Institutional investors and hedge funds own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Performance

ACWI opened at $156.65 on Friday. The firm has a market cap of $32.40 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92. The firm’s 50-day simple moving average is $145.28 and its 200-day simple moving average is $143.87. iShares MSCI ACWI ETF has a twelve month low of $121.25 and a twelve month high of $156.98.

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.