Beacon Investment Advisory Services Inc. Takes $283,000 Position in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Beacon Investment Advisory Services Inc. acquired a new position in iShares MSCI ACWI ETF (NASDAQ:ACWI) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,412 shares of the company’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACWI. Granger Management LLC increased its stake in shares of iShares MSCI ACWI ETF by 252.2% in the fourth quarter. Granger Management LLC now owns 1,339,321 shares of the company’s stock worth $157,370,000 after purchasing an additional 959,000 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in iShares MSCI ACWI ETF by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,265,639 shares of the company’s stock worth $151,307,000 after buying an additional 29,008 shares during the period. JPMorgan Chase & Co. grew its stake in iShares MSCI ACWI ETF by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 926,523 shares of the company’s stock valued at $110,766,000 after buying an additional 105,951 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in iShares MSCI ACWI ETF by 16,345.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 916,174 shares of the company’s stock valued at $109,529,000 after acquiring an additional 910,603 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of iShares MSCI ACWI ETF by 6.1% during the third quarter. National Bank of Canada FI now owns 892,006 shares of the company’s stock worth $106,639,000 after acquiring an additional 51,481 shares in the last quarter. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Stock Performance

Shares of NASDAQ ACWI opened at $122.07 on Friday. iShares MSCI ACWI ETF has a fifty-two week low of $102.03 and a fifty-two week high of $123.58. The stock has a market cap of $19.92 billion, a PE ratio of 19.74 and a beta of 0.93. The stock has a fifty day moving average of $119.84 and a 200-day moving average of $117.56.

iShares MSCI ACWI ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a dividend of $1.0662 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.