Royal Bank of Canada Boosts Stake in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Royal Bank of Canada raised its position in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 35.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 635,001 shares of the company’s stock after purchasing an additional 165,604 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI ACWI ETF were worth $74,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Trust Co raised its position in iShares MSCI ACWI ETF by 0.9% in the 4th quarter. Fiduciary Trust Co now owns 10,290 shares of the company’s stock worth $1,209,000 after purchasing an additional 92 shares during the period. Merit Financial Group LLC raised its position in iShares MSCI ACWI ETF by 1.5% in the 4th quarter. Merit Financial Group LLC now owns 7,539 shares of the company’s stock worth $886,000 after purchasing an additional 112 shares during the period. Sapient Capital LLC raised its position in iShares MSCI ACWI ETF by 4.9% in the 4th quarter. Sapient Capital LLC now owns 2,587 shares of the company’s stock worth $304,000 after purchasing an additional 121 shares during the period. NewEdge Advisors LLC grew its stake in iShares MSCI ACWI ETF by 1.5% in the 4th quarter. NewEdge Advisors LLC now owns 9,367 shares of the company’s stock worth $1,101,000 after acquiring an additional 141 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in iShares MSCI ACWI ETF by 0.3% in the 4th quarter. Parallel Advisors LLC now owns 58,636 shares of the company’s stock worth $6,890,000 after acquiring an additional 159 shares in the last quarter. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Price Performance

Shares of ACWI stock opened at $124.29 on Wednesday. The company has a market capitalization of $21.50 billion, a P/E ratio of 20.75 and a beta of 0.93. The company’s 50-day simple moving average is $116.00 and its two-hundred day simple moving average is $118.81. iShares MSCI ACWI ETF has a one year low of $101.25 and a one year high of $124.48.

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.