iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Stock Price Break Above 200-Day Moving Average – Here’s Why

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $74.01 and traded as high as $74.26. iShares MSCI ACWI ex U.S. ETF shares last traded at $74.15, with a volume of 1,933,397 shares.

iShares MSCI ACWI ex U.S. ETF Trading Down 0.1%

The stock’s fifty day moving average is $76.19 and its two-hundred day moving average is $74.04. The company has a market capitalization of $17.84 billion, a PE ratio of 16.03 and a beta of 0.78.

Institutional Trading of iShares MSCI ACWI ex U.S. ETF

Hedge funds have recently added to or reduced their stakes in the stock. Eastern Bank bought a new stake in shares of iShares MSCI ACWI ex U.S. ETF in the 3rd quarter valued at approximately $8,094,000. Tompkins Financial Corp bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 3rd quarter valued at approximately $78,405,000. WealthPLAN Partners LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 1st quarter valued at approximately $2,046,000. Hopwood Nicholas Hunter purchased a new stake in iShares MSCI ACWI ex U.S. ETF during the 2nd quarter valued at $5,703,000. Finally, Sanctuary Advisors LLC raised its holdings in iShares MSCI ACWI ex U.S. ETF by 52.9% during the 1st quarter. Sanctuary Advisors LLC now owns 95,361 shares of the company’s stock valued at $6,529,000 after buying an additional 32,985 shares during the period.

About iShares MSCI ACWI ex U.S. ETF

The iShares MSCI ACWI ex U.S. ETF (ACWX) is an exchange-traded fund that is based on the MSCI AC World ex USA index. The fund tracks the performance of a market-cap-weighted index of international stocks. It captures 85% of the publicly available market, thus excluding small-caps. ACWX was launched on Mar 26, 2008 and is managed by BlackRock.