iShares MSCI ACWI ETF $ACWI is Lowe Brockenbrough & Co. Inc.’s 2nd Largest Position

Lowe Brockenbrough & Co. Inc. increased its stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 42.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 710,695 shares of the company’s stock after purchasing an additional 212,000 shares during the period. iShares MSCI ACWI ETF accounts for approximately 5.1% of Lowe Brockenbrough & Co. Inc.’s investment portfolio, making the stock its 2nd biggest position. Lowe Brockenbrough & Co. Inc. owned approximately 0.42% of iShares MSCI ACWI ETF worth $98,246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of iShares MSCI ACWI ETF during the third quarter valued at approximately $25,000. Sagard Holdings Management Inc. purchased a new stake in shares of iShares MSCI ACWI ETF during the second quarter worth approximately $32,000. Financial Gravity Companies Inc. acquired a new position in iShares MSCI ACWI ETF in the 2nd quarter valued at $33,000. Westfuller Advisors LLC purchased a new position in iShares MSCI ACWI ETF in the 3rd quarter valued at $40,000. Finally, MTM Investment Management LLC acquired a new stake in iShares MSCI ACWI ETF during the 2nd quarter worth $87,000. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Stock Up 2.1%

iShares MSCI ACWI ETF stock opened at $146.28 on Friday. The company has a fifty day simple moving average of $143.35 and a 200-day simple moving average of $138.93. The firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93. iShares MSCI ACWI ETF has a 52-week low of $101.25 and a 52-week high of $147.43.

iShares MSCI ACWI ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $1.2353 dividend. The ex-dividend date was Tuesday, December 16th. This represents a yield of 176.0%.

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.