Financial Management Professionals Inc. Sells 9,300 Shares of iShares MSCI ACWI ETF $ACWI

Financial Management Professionals Inc. lessened its holdings in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,724 shares of the company’s stock after selling 9,300 shares during the quarter. iShares MSCI ACWI ETF accounts for approximately 0.9% of Financial Management Professionals Inc.’s holdings, making the stock its 23rd largest holding. Financial Management Professionals Inc.’s holdings in iShares MSCI ACWI ETF were worth $9,016,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. acquired a new position in shares of iShares MSCI ACWI ETF in the 3rd quarter valued at approximately $5,644,000. Permanent Capital Management LP acquired a new stake in iShares MSCI ACWI ETF during the 3rd quarter worth approximately $7,584,000. Drake & Associates LLC raised its holdings in iShares MSCI ACWI ETF by 11.5% during the 3rd quarter. Drake & Associates LLC now owns 204,224 shares of the company’s stock worth $28,706,000 after buying an additional 20,997 shares during the period. Commonwealth Equity Services LLC lifted its stake in iShares MSCI ACWI ETF by 11.9% in the third quarter. Commonwealth Equity Services LLC now owns 61,579 shares of the company’s stock valued at $8,513,000 after buying an additional 6,538 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in iShares MSCI ACWI ETF by 73.1% in the third quarter. Assetmark Inc. now owns 788,333 shares of the company’s stock valued at $108,979,000 after buying an additional 332,908 shares in the last quarter. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Stock Up 1.3%

iShares MSCI ACWI ETF stock opened at $150.90 on Friday. The company has a 50 day moving average of $143.37 and a 200-day moving average of $142.26. iShares MSCI ACWI ETF has a twelve month low of $108.55 and a twelve month high of $151.42. The stock has a market capitalization of $30.99 billion, a PE ratio of 20.91 and a beta of 0.92.

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.