iShares MSCI ACWI ETF (NASDAQ:ACWI) Hits New 12-Month High – What’s Next?

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s share price hit a new 52-week high on Thursday . The stock traded as high as $123.64 and last traded at $123.64, with a volume of 1946807 shares. The stock had previously closed at $122.22.

iShares MSCI ACWI ETF Stock Performance

The company has a market cap of $19.98 billion, a P/E ratio of 19.74 and a beta of 0.93. The firm’s fifty day moving average is $120.14 and its two-hundred day moving average is $118.35.

iShares MSCI ACWI ETF Announces Dividend

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

Hedge Funds Weigh In On iShares MSCI ACWI ETF

Hedge funds have recently added to or reduced their stakes in the company. Synergy Investment Management LLC bought a new position in iShares MSCI ACWI ETF in the 4th quarter worth about $35,000. Pacifica Partners Inc. bought a new position in iShares MSCI ACWI ETF in the 4th quarter worth about $40,000. Centerpoint Advisors LLC bought a new position in shares of iShares MSCI ACWI ETF during the fourth quarter valued at approximately $54,000. Rialto Wealth Management LLC bought a new position in shares of iShares MSCI ACWI ETF during the fourth quarter valued at approximately $59,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of iShares MSCI ACWI ETF during the third quarter valued at approximately $67,000. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Company 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.