Independent Wealth Network Inc. Lowers Position in iShares MSCI ACWI ETF $ACWI

Independent Wealth Network Inc. lessened its holdings in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 51.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,856 shares of the company’s stock after selling 22,739 shares during the quarter. iShares MSCI ACWI ETF comprises 0.9% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 21st largest position. Independent Wealth Network Inc.’s holdings in iShares MSCI ACWI ETF were worth $3,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Triumph Capital Management purchased a new position in iShares MSCI ACWI ETF in the 3rd quarter worth approximately $27,000. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares MSCI ACWI ETF during the 4th quarter valued at $27,000. Smith & Howard Wealth Management LLC purchased a new stake in shares of iShares MSCI ACWI ETF during the 4th quarter valued at $31,000. Root Financial Partners LLC raised its position in shares of iShares MSCI ACWI ETF by 7,100.0% during the 4th quarter. Root Financial Partners LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 213 shares in the last quarter. Finally, Karpus Management Inc. bought a new stake in shares of iShares MSCI ACWI ETF during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Performance

Shares of NASDAQ:ACWI opened at $154.70 on Friday. iShares MSCI ACWI ETF has a 52-week low of $126.80 and a 52-week high of $160.03. The firm has a fifty day moving average of $154.54 and a 200 day moving average of $147.23. The firm has a market capitalization of $31.99 billion, a PE ratio of 20.91 and a beta of 0.92.

iShares MSCI ACWI ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $1.0097 per share. The ex-dividend date was Monday, June 15th.

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.