Pinnacle Wealth Management Advisory Group LLC Raises Position in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 19.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 27,600 shares of the company’s stock after purchasing an additional 4,536 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares MSCI ACWI ETF were worth $2,809,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ACWI. Baystate Wealth Management LLC grew its stake in shares of iShares MSCI ACWI ETF by 12.5% during the third quarter. Baystate Wealth Management LLC now owns 1,064 shares of the company’s stock worth $98,000 after acquiring an additional 118 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of iShares MSCI ACWI ETF by 0.4% in the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 33,925 shares of the company’s stock valued at $3,134,000 after acquiring an additional 137 shares during the period. GenTrust LLC raised its stake in iShares MSCI ACWI ETF by 2.2% in the 4th quarter. GenTrust LLC now owns 7,367 shares of the company’s stock worth $750,000 after acquiring an additional 158 shares during the last quarter. Fiducient Advisors LLC lifted its position in iShares MSCI ACWI ETF by 5.8% during the 4th quarter. Fiducient Advisors LLC now owns 3,135 shares of the company’s stock worth $319,000 after acquiring an additional 171 shares during the period. Finally, PFW Advisors LLC raised its stake in shares of iShares MSCI ACWI ETF by 1.1% in the fourth quarter. PFW Advisors LLC now owns 17,568 shares of the company’s stock worth $1,788,000 after purchasing an additional 187 shares during the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Stock Performance

NASDAQ ACWI traded up $0.48 during trading hours on Thursday, reaching $109.86. The stock had a trading volume of 466,179 shares, compared to its average volume of 3,739,898. iShares MSCI ACWI ETF has a 52-week low of $88.33 and a 52-week high of $110.45. The stock has a market cap of $18.35 billion, a P/E ratio of 19.74 and a beta of 0.95. The stock has a fifty day moving average of $108.08 and a 200 day moving average of $102.64.

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.