GC Wealth Management RIA LLC Decreases Stock Holdings in iShares MSCI ACWI ETF $ACWI

GC Wealth Management RIA LLC trimmed its stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 29.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,853 shares of the company’s stock after selling 1,179 shares during the period. GC Wealth Management RIA LLC’s holdings in iShares MSCI ACWI ETF were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ACWI. Rector Church Wardens & Vestrymen of Trinity Church in the City of New York bought a new stake in iShares MSCI ACWI ETF during the first quarter valued at approximately $179,665,000. Sarasin & Partners LLP bought a new stake in iShares MSCI ACWI ETF during the first quarter valued at approximately $164,781,000. Jennison Associates LLC grew its position in iShares MSCI ACWI ETF by 494.0% during the first quarter. Jennison Associates LLC now owns 790,200 shares of the company’s stock valued at $91,971,000 after buying an additional 657,162 shares during the period. Bank of Nova Scotia grew its position in iShares MSCI ACWI ETF by 106.0% during the first quarter. Bank of Nova Scotia now owns 833,168 shares of the company’s stock valued at $96,972,000 after buying an additional 428,735 shares during the period. Finally, Ieq Capital LLC grew its position in iShares MSCI ACWI ETF by 303.4% during the first quarter. Ieq Capital LLC now owns 500,305 shares of the company’s stock valued at $58,230,000 after buying an additional 376,273 shares during the period. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Price Performance

ACWI opened at $138.94 on Thursday. The firm has a market cap of $23.56 billion, a P/E ratio of 20.91 and a beta of 0.93. iShares MSCI ACWI ETF has a 1-year low of $101.25 and a 1-year high of $139.29. The company has a 50 day simple moving average of $134.00 and a two-hundred day simple moving average of $125.60.

iShares MSCI ACWI ETF 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.