iShares MSCI ACWI ETF $ACWI Stake Trimmed by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. trimmed its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 8.7% during the fourth quarter, Holdings Channel reports. The fund owned 649,002 shares of the company’s stock after selling 61,693 shares during the period. iShares MSCI ACWI ETF makes up approximately 4.5% of Lowe Brockenbrough & Co. Inc.’s portfolio, making the stock its 2nd largest position. Lowe Brockenbrough & Co. Inc.’s holdings in iShares MSCI ACWI ETF were worth $91,827,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACWI. Naples Global Advisors LLC lifted its stake in shares of iShares MSCI ACWI ETF by 1.9% during the 4th quarter. Naples Global Advisors LLC now owns 4,125 shares of the company’s stock valued at $584,000 after buying an additional 75 shares in the last quarter. NavPoint Financial Inc. lifted its stake in shares of iShares MSCI ACWI ETF by 0.9% during the 4th quarter. NavPoint Financial Inc. now owns 8,793 shares of the company’s stock valued at $1,244,000 after buying an additional 76 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of iShares MSCI ACWI ETF by 3.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,260 shares of the company’s stock valued at $312,000 after buying an additional 80 shares in the last quarter. Cherrydale Wealth Management LLC lifted its stake in shares of iShares MSCI ACWI ETF by 0.9% during the 4th quarter. Cherrydale Wealth Management LLC now owns 10,649 shares of the company’s stock valued at $1,507,000 after buying an additional 94 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its stake in shares of iShares MSCI ACWI ETF by 3.3% during the 4th quarter. Prospera Financial Services Inc now owns 2,966 shares of the company’s stock valued at $420,000 after buying an additional 96 shares in the last quarter. 61.52% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Trading Down 3.0%

Shares of ACWI stock opened at $154.39 on Friday. The stock has a market capitalization of $31.93 billion, a P/E ratio of 20.91 and a beta of 0.92. The firm’s 50 day moving average is $150.34 and its 200 day moving average is $145.59. iShares MSCI ACWI ETF has a 12 month low of $123.20 and a 12 month high of $160.03.

iShares MSCI ACWI ETF 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.