iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Sees Large Volume Increase – Still a Buy?

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) shares saw unusually-strong trading volume on Wednesday . Approximately 8,907,140 shares traded hands during mid-day trading, an increase of 186% from the previous session’s volume of 3,111,770 shares.The stock last traded at $69.30 and had previously closed at $68.47.

iShares MSCI ACWI ex U.S. ETF Stock Performance

The company has a market capitalization of $8.54 billion, a P/E ratio of 16.03 and a beta of 0.79. The stock’s fifty day moving average price is $70.91 and its 200-day moving average price is $68.06.

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

Several institutional investors and hedge funds have recently bought and sold shares of ACWX. Simplex Trading LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 4th quarter worth approximately $29,000. Rossmore Private Capital bought a new stake in iShares MSCI ACWI ex U.S. ETF in the 3rd quarter valued at $33,000. Caitlin John LLC acquired a new stake in iShares MSCI ACWI ex U.S. ETF during the 3rd quarter valued at $33,000. Finally, Strategic Advocates LLC boosted its position in iShares MSCI ACWI ex U.S. ETF by 93.6% during the fourth quarter. Strategic Advocates LLC now owns 697 shares of the company’s stock worth $47,000 after purchasing an additional 337 shares during the period.

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.