Zurich Insurance Group Ltd FI Acquires New Position in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Zurich Insurance Group Ltd FI bought a new position in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 49,304 shares of the company’s stock, valued at approximately $5,826,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACWI. Vivaldi Capital Management LP boosted its holdings in iShares MSCI ACWI ETF by 0.3% in the fourth quarter. Vivaldi Capital Management LP now owns 33,727 shares of the company’s stock valued at $4,067,000 after purchasing an additional 89 shares during the period. Fiduciary Trust Co raised its position in shares of iShares MSCI ACWI ETF by 0.9% during the 4th quarter. Fiduciary Trust Co now owns 10,290 shares of the company’s stock worth $1,209,000 after acquiring an additional 92 shares in the last quarter. Merit Financial Group LLC raised its holdings in iShares MSCI ACWI ETF by 1.5% during the fourth quarter. Merit Financial Group LLC now owns 7,539 shares of the company’s stock worth $886,000 after purchasing an additional 112 shares in the last quarter. Sapient Capital LLC raised its holdings in iShares MSCI ACWI ETF by 4.9% during the fourth quarter. Sapient Capital LLC now owns 2,587 shares of the company’s stock worth $304,000 after purchasing an additional 121 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of iShares MSCI ACWI ETF by 1.5% in the 4th quarter. NewEdge Advisors LLC now owns 9,367 shares of the company’s stock valued at $1,101,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Performance

Shares of ACWI stock opened at $124.29 on Wednesday. The stock’s 50-day moving average is $116.00 and its two-hundred day moving average is $118.81. iShares MSCI ACWI ETF has a 1 year low of $101.25 and a 1 year high of $124.48. The firm has a market cap of $21.50 billion, a price-to-earnings ratio of 20.75 and a beta of 0.93.

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.