iShares MSCI ACWI ETF (NASDAQ:ACWI) Hits New 1-Year High – Here’s What Happened

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $148.55 and last traded at $148.5450, with a volume of 1710590 shares changing hands. The stock had previously closed at $147.33.

iShares MSCI ACWI ETF Price Performance

The business has a 50-day simple moving average of $145.03 and a two-hundred day simple moving average of $140.55. The stock has a market cap of $27.27 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93.

iShares MSCI ACWI ETF Announces Dividend

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

Hedge Funds Weigh In On iShares MSCI ACWI ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in shares of iShares MSCI ACWI ETF by 20.5% during the 4th quarter. Morgan Stanley now owns 8,437,430 shares of the company’s stock worth $1,193,812,000 after buying an additional 1,438,226 shares during the last quarter. Mass General Brigham Inc acquired a new stake in iShares MSCI ACWI ETF during the fourth quarter worth approximately $652,828,000. Qalhat Capital Ltd boosted its holdings in shares of iShares MSCI ACWI ETF by 46.4% during the second quarter. Qalhat Capital Ltd now owns 3,588,206 shares of the company’s stock worth $461,443,000 after acquiring an additional 1,137,134 shares during the period. Phoenix Financial Ltd. grew its position in shares of iShares MSCI ACWI ETF by 41.7% in the third quarter. Phoenix Financial Ltd. now owns 3,247,975 shares of the company’s stock valued at $449,120,000 after purchasing an additional 955,464 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of iShares MSCI ACWI ETF by 270.0% in the fourth quarter. BNP Paribas Financial Markets now owns 2,620,110 shares of the company’s stock valued at $370,719,000 after purchasing an additional 1,911,879 shares during the last quarter. 61.52% of the stock is owned by institutional investors.

About iShares MSCI ACWI ETF

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.