Beacon Pointe Advisors LLC Raises Stake in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Beacon Pointe Advisors LLC increased its stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 55.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,053 shares of the company’s stock after buying an additional 1,803 shares during the period. Beacon Pointe Advisors LLC’s holdings in iShares MSCI ACWI ETF were worth $594,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. World Investment Advisors LLC bought a new position in shares of iShares MSCI ACWI ETF during the 3rd quarter valued at approximately $371,000. Franklin Resources Inc. lifted its stake in iShares MSCI ACWI ETF by 11.7% in the third quarter. Franklin Resources Inc. now owns 25,733 shares of the company’s stock valued at $3,090,000 after purchasing an additional 2,690 shares during the last quarter. Stonehearth Capital Management LLC grew its holdings in iShares MSCI ACWI ETF by 3.3% during the fourth quarter. Stonehearth Capital Management LLC now owns 74,771 shares of the company’s stock valued at $8,786,000 after purchasing an additional 2,357 shares during the period. ORG Wealth Partners LLC purchased a new stake in iShares MSCI ACWI ETF in the fourth quarter worth $83,000. Finally, Winthrop Advisory Group LLC increased its position in iShares MSCI ACWI ETF by 81.3% in the fourth quarter. Winthrop Advisory Group LLC now owns 6,653 shares of the company’s stock worth $782,000 after buying an additional 2,984 shares during the last quarter. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Price Performance

Shares of NASDAQ ACWI opened at $119.41 on Friday. The stock has a market capitalization of $20.66 billion, a PE ratio of 19.88 and a beta of 0.93. iShares MSCI ACWI ETF has a one year low of $101.25 and a one year high of $124.15. The business’s fifty day moving average price is $115.29 and its 200-day moving average price is $118.61.

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.