Element Wealth LLC Trims Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Element Wealth LLC trimmed its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 36.8% during the third quarter, Holdings Channel.com reports. The fund owned 306 shares of the company’s stock after selling 178 shares during the period. Element Wealth LLC’s holdings in iShares MSCI ACWI ETF were worth $37,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Continuum Advisory LLC purchased a new stake in shares of iShares MSCI ACWI ETF in the 2nd quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares MSCI ACWI ETF in the second quarter valued at approximately $39,000. Quent Capital LLC grew its holdings in shares of iShares MSCI ACWI ETF by 2,148.4% in the first quarter. Quent Capital LLC now owns 697 shares of the company’s stock valued at $77,000 after purchasing an additional 666 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in shares of iShares MSCI ACWI ETF in the second quarter valued at approximately $88,000. Finally, Lynx Investment Advisory acquired a new position in shares of iShares MSCI ACWI ETF in the second quarter valued at approximately $98,000. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Stock Performance

Shares of ACWI stock opened at $119.03 on Friday. The stock has a market capitalization of $19.31 billion, a P/E ratio of 19.74 and a beta of 0.93. The company has a 50 day moving average price of $117.49 and a 200 day moving average price of $113.32. iShares MSCI ACWI ETF has a fifty-two week low of $88.33 and a fifty-two week high of $120.93.

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.