PFG Advisors Buys 2,542 Shares of iShares MSCI ACWI ETF (NASDAQ:ACWI)

PFG Advisors lifted its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 3.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 86,990 shares of the company’s stock after acquiring an additional 2,542 shares during the period. iShares MSCI ACWI ETF comprises about 0.7% of PFG Advisors’ holdings, making the stock its 29th biggest position. PFG Advisors’ holdings in iShares MSCI ACWI ETF were worth $9,778,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Choreo LLC lifted its stake in shares of iShares MSCI ACWI ETF by 11.5% in the second quarter. Choreo LLC now owns 12,082 shares of the company’s stock valued at $1,360,000 after buying an additional 1,244 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares MSCI ACWI ETF in the second quarter valued at about $39,000. Greystone Financial Group LLC lifted its stake in shares of iShares MSCI ACWI ETF by 5.8% in the second quarter. Greystone Financial Group LLC now owns 13,414 shares of the company’s stock valued at $1,508,000 after buying an additional 734 shares during the period. Cahaba Wealth Management Inc. lifted its stake in shares of iShares MSCI ACWI ETF by 1.0% in the second quarter. Cahaba Wealth Management Inc. now owns 61,460 shares of the company’s stock valued at $6,908,000 after buying an additional 621 shares during the period. Finally, Advisor OS LLC bought a new position in iShares MSCI ACWI ETF during the second quarter worth about $3,008,000. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Trading Up 0.9 %

NASDAQ ACWI opened at $114.63 on Thursday. iShares MSCI ACWI ETF has a 1-year low of $88.33 and a 1-year high of $117.13. The stock’s 50 day moving average is $113.85 and its two-hundred day moving average is $111.13. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93.

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.