Citigroup Inc. Lowers Stock Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Citigroup Inc. trimmed its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 60.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,859 shares of the company’s stock after selling 242,299 shares during the period. Citigroup Inc. owned about 0.09% of iShares MSCI ACWI ETF worth $18,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in ACWI. Capital Group Private Client Services Inc. boosted its position in iShares MSCI ACWI ETF by 21,865.4% in the 4th quarter. Capital Group Private Client Services Inc. now owns 1,608,528 shares of the company’s stock valued at $189,002,000 after buying an additional 1,601,205 shares during the period. Rector Church Wardens & Vestrymen of Trinity Church in the City of New York purchased a new stake in shares of iShares MSCI ACWI ETF in the 1st quarter worth approximately $179,665,000. Sarasin & Partners LLP purchased a new stake in shares of iShares MSCI ACWI ETF in the 1st quarter worth approximately $164,781,000. Qalhat Capital Ltd lifted its position in shares of iShares MSCI ACWI ETF by 171.9% in the 4th quarter. Qalhat Capital Ltd now owns 1,783,702 shares of the company’s stock worth $209,585,000 after purchasing an additional 1,127,675 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of iShares MSCI ACWI ETF by 494.0% in the 1st quarter. Jennison Associates LLC now owns 790,200 shares of the company’s stock worth $91,971,000 after purchasing an additional 657,162 shares during the period. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Stock Performance

Shares of ACWI opened at $133.56 on Thursday. The company has a 50 day moving average price of $128.71 and a 200-day moving average price of $122.11. iShares MSCI ACWI ETF has a fifty-two week low of $101.25 and a fifty-two week high of $133.74. The stock has a market capitalization of $22.65 billion, a PE ratio of 20.91 and a beta of 0.93.

iShares MSCI ACWI ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were given a dividend of $0.9612 per share. The ex-dividend date of this dividend was Monday, June 16th.

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.