iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Reaches New 52-Week High – Here’s Why

Shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) hit a new 52-week high during trading on Tuesday . The company traded as high as $76.60 and last traded at $76.60, with a volume of 47780 shares. The stock had previously closed at $75.09.

iShares MSCI ACWI ex U.S. ETF Price Performance

The firm has a market cap of $11.54 billion, a PE ratio of 16.03 and a beta of 0.77. The firm has a 50-day simple moving average of $72.19 and a 200 day simple moving average of $70.21.

Hedge Funds Weigh In On iShares MSCI ACWI ex U.S. ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Simplex Trading LLC purchased a new position in iShares MSCI ACWI ex U.S. ETF during the fourth quarter valued at $28,000. International Assets Investment Management LLC purchased a new position in iShares MSCI ACWI ex U.S. ETF during the fourth quarter valued at $29,000. Cedar Mountain Advisors LLC purchased a new position in iShares MSCI ACWI ex U.S. ETF during the first quarter valued at $29,000. Bartlett & CO. Wealth Management LLC purchased a new position in iShares MSCI ACWI ex U.S. ETF during the first quarter valued at $31,000. Finally, Caitlin John LLC purchased a new position in iShares MSCI ACWI ex U.S. ETF during the third quarter valued at $33,000.

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.