Magnus Financial Group LLC Lowers Stake in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Magnus Financial Group LLC lowered its holdings in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,104 shares of the company’s stock after selling 209 shares during the period. Magnus Financial Group LLC’s holdings in iShares MSCI ACWI ETF were worth $478,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ACWI. Accredited Wealth Management LLC bought a new position in shares of iShares MSCI ACWI ETF during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new position in iShares MSCI ACWI ETF during the fourth quarter valued at $35,000. McIlrath & Eck LLC raised its stake in iShares MSCI ACWI ETF by 61.3% during the fourth quarter. McIlrath & Eck LLC now owns 408 shares of the company’s stock valued at $48,000 after buying an additional 155 shares during the last quarter. Centerpoint Advisors LLC bought a new stake in iShares MSCI ACWI ETF in the fourth quarter worth $54,000. Finally, Rialto Wealth Management LLC purchased a new stake in shares of iShares MSCI ACWI ETF in the fourth quarter worth $59,000. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Price Performance

ACWI opened at $125.76 on Friday. The stock has a 50-day moving average price of $117.52 and a 200-day moving average price of $119.17. The firm has a market cap of $21.76 billion, a PE ratio of 20.75 and a beta of 0.93. iShares MSCI ACWI ETF has a 1 year low of $101.25 and a 1 year high of $126.00.

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.