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

iShares MSCI ACWI ETF (NASDAQ:ACWI) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $160.13 and last traded at $160.13, with a volume of 1373305 shares traded. The stock had previously closed at $157.94.

iShares MSCI ACWI ETF Stock Performance

The stock has a market cap of $33.43 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92. The firm’s 50-day simple moving average is $156.28 and its two-hundred day simple moving average is $149.79.

iShares MSCI ACWI ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $1.0097 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Comerica Bank raised its holdings in iShares MSCI ACWI ETF by 14.8% during the fourth quarter. Comerica Bank now owns 88,424 shares of the company’s stock worth $12,511,000 after acquiring an additional 11,430 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in iShares MSCI ACWI ETF by 255.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 483,180 shares of the company’s stock valued at $68,365,000 after purchasing an additional 347,070 shares in the last quarter. BIP Wealth LLC increased its position in shares of iShares MSCI ACWI ETF by 41.5% during the 4th quarter. BIP Wealth LLC now owns 118,178 shares of the company’s stock worth $16,721,000 after purchasing an additional 34,655 shares during the last quarter. Capital International Investors increased its position in shares of iShares MSCI ACWI ETF by 297.1% during the 4th quarter. Capital International Investors now owns 762,501 shares of the company’s stock worth $108,588,000 after purchasing an additional 570,493 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares MSCI ACWI ETF by 94.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 184,931 shares of the company’s stock worth $26,166,000 after purchasing an additional 89,963 shares in the last quarter. Institutional investors and hedge funds own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Company 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.