iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Hits New 1-Year High – Should You Buy?

Shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) hit a new 52-week high on Monday . The stock traded as high as $60.73 and last traded at $60.75, with a volume of 505276 shares. The stock had previously closed at $60.54.

iShares MSCI ACWI ex U.S. ETF Stock Up 0.4%

The firm’s fifty day simple moving average is $56.75 and its 200-day simple moving average is $55.28. The firm has a market capitalization of $6.41 billion, a PE ratio of 16.00 and a beta of 0.78.

Institutional Trading of iShares MSCI ACWI ex U.S. ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACWX. Copia Wealth Management bought a new position in shares of iShares MSCI ACWI ex U.S. ETF in the fourth quarter worth approximately $28,000. Comprehensive Financial Planning Inc. PA purchased a new position in iShares MSCI ACWI ex U.S. ETF during the fourth quarter valued at $30,000. Assetmark Inc. purchased a new stake in iShares MSCI ACWI ex U.S. ETF in the 4th quarter worth $39,000. Allianz SE purchased a new position in shares of iShares MSCI ACWI ex U.S. ETF during the first quarter valued at about $39,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of iShares MSCI ACWI ex U.S. ETF in the fourth quarter worth about $51,000.

iShares MSCI ACWI ex U.S. ETF Company Profile

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.