Lowe Brockenbrough & Co. Inc. Sells 2,100 Shares of iShares MSCI ACWI ETF (NASDAQ:ACWI)

Lowe Brockenbrough & Co. Inc. cut its holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,920 shares of the company’s stock after selling 2,100 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in iShares MSCI ACWI ETF were worth $9,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACWI. Oppenheimer & Co. Inc. acquired a new position in iShares MSCI ACWI ETF in the third quarter valued at approximately $351,000. Jennison Associates LLC increased its stake in shares of iShares MSCI ACWI ETF by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 56,798 shares of the company’s stock valued at $6,790,000 after acquiring an additional 1,106 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of iShares MSCI ACWI ETF by 5.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 12,531 shares of the company’s stock valued at $1,498,000 after acquiring an additional 611 shares during the period. Citigroup Inc. boosted its stake in iShares MSCI ACWI ETF by 53.2% during the third quarter. Citigroup Inc. now owns 134,420 shares of the company’s stock worth $16,070,000 after acquiring an additional 46,675 shares in the last quarter. Finally, Financial Council LLC grew its holdings in iShares MSCI ACWI ETF by 2.2% in the third quarter. Financial Council LLC now owns 39,571 shares of the company’s stock worth $4,731,000 after purchasing an additional 852 shares during the period. 61.52% of the stock is owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Trading Down 0.4 %

Shares of NASDAQ ACWI opened at $118.23 on Friday. The firm has a market capitalization of $19.11 billion, a P/E ratio of 21.22 and a beta of 0.93. The firm’s 50-day moving average price is $120.27 and its 200-day moving average price is $119.50. iShares MSCI ACWI ETF has a 1-year low of $104.29 and a 1-year high of $124.15.

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.