iShares MSCI ACWI ETF $ACWI Stock Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its position in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 12.8% in the third quarter, Holdings Channel reports. The fund owned 48,239 shares of the company’s stock after buying an additional 5,458 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares MSCI ACWI ETF were worth $7,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of America Corp DE increased its position in iShares MSCI ACWI ETF by 9.7% in the first quarter. Bank of America Corp DE now owns 1,384,455 shares of the company’s stock worth $191,567,000 after purchasing an additional 122,720 shares during the last quarter. Allianz Asset Management GmbH raised its stake in iShares MSCI ACWI ETF by 4.2% during the second quarter. Allianz Asset Management GmbH now owns 1,089,050 shares of the company’s stock valued at $170,948,000 after purchasing an additional 43,622 shares in the last quarter. Bogart Wealth LLC raised its stake in iShares MSCI ACWI ETF by 13.4% during the first quarter. Bogart Wealth LLC now owns 1,031,925 shares of the company’s stock valued at $142,787,000 after purchasing an additional 121,832 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in iShares MSCI ACWI ETF by 360.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 921,500 shares of the company’s stock valued at $127,508,000 after purchasing an additional 721,500 shares during the last quarter. Finally, HF Capital LLC lifted its position in iShares MSCI ACWI ETF by 70.6% during the first quarter. HF Capital LLC now owns 903,075 shares of the company’s stock valued at $124,958,000 after purchasing an additional 373,650 shares during the last quarter. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Stock Up 0.5%

Shares of NASDAQ:ACWI opened at $159.56 on Thursday. iShares MSCI ACWI ETF has a 52 week low of $133.65 and a 52 week high of $162.80. The stock has a market capitalization of $33.00 billion, a P/E ratio of 20.91 and a beta of 0.93. The firm has a fifty day simple moving average of $160.26 and a two-hundred day simple moving average of $156.51.

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.