Ferguson Wellman Capital Management Inc. Buys New Shares in iShares MSCI ACWI ex U.S. ETF $ACWX

Ferguson Wellman Capital Management Inc. purchased a new position in iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) during the third quarter, HoldingsChannel reports. The institutional investor purchased 5,384,860 shares of the company’s stock, valued at approximately $407,203,000. iShares MSCI ACWI ex U.S. ETF makes up about 4.8% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Power Wealth Management LLC grew its holdings in iShares MSCI ACWI ex U.S. ETF by 0.9% in the second quarter. Power Wealth Management LLC now owns 17,223 shares of the company’s stock valued at $1,311,000 after purchasing an additional 147 shares during the period. Angeles Wealth Management LLC grew its stake in shares of iShares MSCI ACWI ex U.S. ETF by 12.2% during the 1st quarter. Angeles Wealth Management LLC now owns 1,548 shares of the company’s stock valued at $106,000 after buying an additional 168 shares during the period. Grove Bank & Trust increased its holdings in shares of iShares MSCI ACWI ex U.S. ETF by 22.2% during the 2nd quarter. Grove Bank & Trust now owns 935 shares of the company’s stock worth $71,000 after buying an additional 170 shares during the last quarter. Strengthening Families & Communities LLC increased its position in iShares MSCI ACWI ex U.S. ETF by 16.6% during the 2nd quarter. Strengthening Families & Communities LLC now owns 1,216 shares of the company’s stock worth $93,000 after purchasing an additional 173 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in iShares MSCI ACWI ex U.S. ETF by 1.5% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,808 shares of the company’s stock valued at $899,000 after purchasing an additional 176 shares in the last quarter.

iShares MSCI ACWI ex U.S. ETF Stock Up 0.4%

Shares of ACWX traded up $0.29 during mid-day trading on Monday, reaching $76.30. 731,368 shares of the stock traded hands, compared to its average volume of 2,884,879. iShares MSCI ACWI ex U.S. ETF has a 12-month low of $63.92 and a 12-month high of $78.78. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 16.03 and a beta of 0.78. The stock has a fifty day simple moving average of $76.83 and a 200 day simple moving average of $74.81.

iShares MSCI ACWI ex U.S. ETF Profile

The iShares MSCI ACWI ex U.S. ETF (ACWX) is an exchange-traded fund that is based on the MSCI AC World ex USA index. The fund tracks the performance of a market-cap-weighted index of international stocks. It captures 85% of the publicly available market, thus excluding small-caps. ACWX was launched on Mar 26, 2008 and is managed by BlackRock.