RDA Financial Network Lowers Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

RDA Financial Network decreased its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 25,957 shares of the company’s stock after selling 1,166 shares during the quarter. iShares MSCI ACWI ETF makes up approximately 1.0% of RDA Financial Network’s investment portfolio, making the stock its 28th largest position. RDA Financial Network’s holdings in iShares MSCI ACWI ETF were worth $2,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Brandywine Managers LLC purchased a new position in iShares MSCI ACWI ETF during the first quarter worth approximately $14,122,000. Sheets Smith Wealth Management raised its holdings in shares of iShares MSCI ACWI ETF by 3.8% during the fourth quarter. Sheets Smith Wealth Management now owns 6,396 shares of the company’s stock valued at $543,000 after acquiring an additional 236 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of iShares MSCI ACWI ETF by 0.5% during the first quarter. BSW Wealth Partners now owns 32,374 shares of the company’s stock valued at $2,951,000 after acquiring an additional 156 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of iShares MSCI ACWI ETF during the fourth quarter valued at approximately $2,465,000. Finally, Signaturefd LLC raised its holdings in shares of iShares MSCI ACWI ETF by 5.1% during the first quarter. Signaturefd LLC now owns 27,334 shares of the company’s stock valued at $2,492,000 after acquiring an additional 1,326 shares during the last quarter. Hedge funds and other institutional investors own 52.79% of the company’s stock.

iShares MSCI ACWI ETF Stock Down 0.3 %

Shares of iShares MSCI ACWI ETF stock traded down $0.26 during mid-day trading on Tuesday, reaching $95.46. 968,022 shares of the stock traded hands, compared to its average volume of 3,447,447. The business has a 50-day moving average of $96.51 and a 200 day moving average of $94.15. iShares MSCI ACWI ETF has a fifty-two week low of $75.71 and a fifty-two week high of $99.53. The stock has a market capitalization of $17.72 billion, a PE ratio of 15.44 and a beta of 0.93.

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.