iShares MSCI ACWI ETF (NASDAQ:ACWI) Hits New 52-Week High – Here’s Why

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $157.82 and last traded at $157.67, with a volume of 112278 shares. The stock had previously closed at $155.99.

iShares MSCI ACWI ETF Stock Performance

The company has a market capitalization of $32.56 billion, a P/E ratio of 20.91 and a beta of 0.92. The stock’s fifty day moving average price is $146.98 and its 200-day moving average price is $144.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. J. Derek Lewis & Associates Inc. grew its position in shares of iShares MSCI ACWI ETF by 25.1% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 9,294 shares of the company’s stock worth $1,286,000 after purchasing an additional 1,863 shares in the last quarter. Bank of America Corp DE grew its position in shares of iShares MSCI ACWI ETF by 9.7% during the 1st quarter. Bank of America Corp DE now owns 1,384,455 shares of the company’s stock worth $191,567,000 after purchasing an additional 122,720 shares in the last quarter. Hamilton Wealth LLC grew its position in shares of iShares MSCI ACWI ETF by 111.4% during the 1st quarter. Hamilton Wealth LLC now owns 5,470 shares of the company’s stock worth $757,000 after purchasing an additional 2,883 shares in the last quarter. Alexander Labrunerie & CO. Inc. acquired a new position in shares of iShares MSCI ACWI ETF during the 1st quarter worth approximately $507,000. Finally, Centaurus Financial Inc. grew its position in shares of iShares MSCI ACWI ETF by 5.1% during the 1st quarter. Centaurus Financial Inc. now owns 138,506 shares of the company’s stock worth $19,165,000 after purchasing an additional 6,773 shares in the last quarter. Institutional investors and hedge funds own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Company 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.