Newport Capital Group LLC Acquires 123,850 Shares of iShares MSCI ACWI ex U.S. ETF $ACWX

Newport Capital Group LLC acquired a new position in shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 123,850 shares of the company’s stock, valued at approximately $9,536,000. iShares MSCI ACWI ex U.S. ETF comprises about 6.4% of Newport Capital Group LLC’s portfolio, making the stock its 6th largest holding. Newport Capital Group LLC owned approximately 0.05% of iShares MSCI ACWI ex U.S. ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Granite FO LLC bought a new stake in iShares MSCI ACWI ex U.S. ETF during the third quarter worth about $25,000. Cedar Mountain Advisors LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 1st quarter valued at about $29,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 1st quarter valued at about $31,000. XP Advisory US Inc. bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the 2nd quarter valued at about $37,000. Finally, Signature Resources Capital Management LLC raised its holdings in shares of iShares MSCI ACWI ex U.S. ETF by 2,624.0% during the 1st quarter. Signature Resources Capital Management LLC now owns 681 shares of the company’s stock valued at $47,000 after buying an additional 656 shares in the last quarter.

iShares MSCI ACWI ex U.S. ETF Stock Down 0.6%

Shares of NASDAQ ACWX traded down $0.42 during trading hours on Friday, reaching $74.22. 1,971,550 shares of the stock traded hands, compared to its average volume of 2,845,869. The company’s 50-day simple moving average is $76.76 and its two-hundred day simple moving average is $75.28. The company has a market capitalization of $17.38 billion, a P/E ratio of 16.03 and a beta of 0.78. iShares MSCI ACWI ex U.S. ETF has a 52-week low of $64.01 and a 52-week high of $78.78.

About iShares MSCI ACWI ex U.S. ETF

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.