Purpose Unlimited Inc. Takes $31.52 Million Position in iShares MSCI ACWI ETF $ACWI

Purpose Unlimited Inc. acquired a new position in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 222,800 shares of the company’s stock, valued at approximately $31,523,000. iShares MSCI ACWI ETF comprises about 1.4% of Purpose Unlimited Inc.’s portfolio, making the stock its 18th largest holding. Purpose Unlimited Inc. owned approximately 0.12% of iShares MSCI ACWI ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its position in iShares MSCI ACWI ETF by 20.5% during the fourth quarter. Morgan Stanley now owns 8,437,430 shares of the company’s stock valued at $1,193,812,000 after purchasing an additional 1,438,226 shares in the last quarter. Mass General Brigham Inc purchased a new position in shares of iShares MSCI ACWI ETF in the 4th quarter worth about $652,828,000. Qalhat Capital Ltd boosted its holdings in shares of iShares MSCI ACWI ETF by 46.4% in the 2nd quarter. Qalhat Capital Ltd now owns 3,588,206 shares of the company’s stock worth $461,443,000 after purchasing an additional 1,137,134 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of iShares MSCI ACWI ETF by 270.0% during the 4th quarter. BNP Paribas Financial Markets now owns 2,620,110 shares of the company’s stock valued at $370,719,000 after purchasing an additional 1,911,879 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of iShares MSCI ACWI ETF by 5.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,779,085 shares of the company’s stock valued at $251,723,000 after purchasing an additional 89,940 shares during the last quarter. 61.52% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Stock Performance

Shares of NASDAQ ACWI opened at $157.74 on Friday. The stock’s 50-day moving average is $153.81 and its 200 day moving average is $146.81. The stock has a market cap of $32.62 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92. iShares MSCI ACWI ETF has a 1-year low of $123.20 and a 1-year high of $160.03.

iShares MSCI ACWI ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $1.0097 per share. The ex-dividend date was Monday, June 15th.

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.