iShares MSCI ACWI ETF Reaches 52-Week High

The iShares MSCI ACWI ETF, listed on NASDAQ with ticker symbol ACWI, attained a new high for the year during Wednesday's trading session. The ETF's shares soared to a peak of $99.91, eventually settling slightly lower at $99.86, amidst a trading volume of 5,401,224 shares. The closing figure for the prior day was $99.38, signifying an uptick in recent performance.

Continued Growth for iShares MSCI ACWI ETF

Currently, the ETF exhibits robust statistics, with a fifty-day moving average price of $94.91 and a two hundred-day moving average price of $95.18. With a market capitalization of $18.82 billion, a price-to-earnings ratio of 15.44, and a beta of 0.93, the fund continues to garner the attention of investors.

Substantial Movements Among Institutional Holdings

There have been notable changes in ownership by institutional investors. Brandywine Managers LLC initiated a new stake in the iShares MSCI ACWI ETF valued at about $14,122,000. BSW Wealth Partners increased their share count by a modest 0.5%, now owning 32,374 shares valued at $2,951,000. Bank Julius Baer & Co. Ltd Zurich made a significant jump, now holding 84,165,810 shares worth approximately $8,074,868,000, representing an increase of 65,558.1%. Modera Wealth Management LLC and Winthrop Advisory Group LLC also boosted their stakes, with increments totaling 53.3% and 4.5%, respectively. Overall, institutions and hedge funds hold 52.79% of the ETF's stock.

Overview of iShares MSCI ACWI ETF

The iShares MSCI ACWI ETF is an exchange-traded fund designed to track the performance of the MSCI AC World index. This involves a market-cap-weighted index that features large- and mid-cap stocks from developed and emerging markets, accounting for 85% of the global market capitalization. The ACWI was officially launched on March 26, 2008, and is managed by the leading investment management firm, BlackRock.

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