PNC Financial Services Group Inc. Has $154.25 Million Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

PNC Financial Services Group Inc. cut its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 1.1% in the third quarter, Holdings Channel.com reports. The firm owned 1,290,263 shares of the company’s stock after selling 14,137 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MSCI ACWI ETF were worth $154,251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its stake in iShares MSCI ACWI ETF by 12.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 165,518 shares of the company’s stock worth $18,604,000 after purchasing an additional 17,937 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of iShares MSCI ACWI ETF by 4.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 12,087 shares of the company’s stock worth $1,445,000 after buying an additional 485 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of iShares MSCI ACWI ETF during the 2nd quarter worth about $204,000. Sanctuary Advisors LLC acquired a new position in shares of iShares MSCI ACWI ETF during the 2nd quarter worth about $797,000. Finally, Fifth Third Bancorp boosted its stake in shares of iShares MSCI ACWI ETF by 1.2% during the 2nd quarter. Fifth Third Bancorp now owns 14,827 shares of the company’s stock worth $1,667,000 after buying an additional 172 shares during the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Price Performance

iShares MSCI ACWI ETF stock opened at $119.56 on Wednesday. The firm has a 50-day moving average of $118.84 and a 200-day moving average of $114.92. iShares MSCI ACWI ETF has a one year low of $96.89 and a one year high of $121.86. The company has a market cap of $19.39 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93.

About iShares MSCI ACWI ETF

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.