OVERSEA CHINESE BANKING Corp Ltd Sells 485,230 Shares of iShares MSCI ACWI ETF $ACWI

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 26.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,382,484 shares of the company’s stock after selling 485,230 shares during the quarter. iShares MSCI ACWI ETF comprises 4.9% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 4th largest position. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.80% of iShares MSCI ACWI ETF worth $177,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ACWI. Financial Gravity Asset Management Inc. acquired a new stake in shares of iShares MSCI ACWI ETF during the 1st quarter worth approximately $30,000. Rossby Financial LCC acquired a new stake in iShares MSCI ACWI ETF in the 1st quarter valued at approximately $39,000. Costello Asset Management INC acquired a new stake in iShares MSCI ACWI ETF in the 1st quarter valued at approximately $49,000. Richard Bernstein Advisors LLC increased its position in iShares MSCI ACWI ETF by 1,533.3% in the 1st quarter. Richard Bernstein Advisors LLC now owns 441 shares of the company’s stock valued at $51,000 after acquiring an additional 414 shares during the period. Finally, American National Bank & Trust acquired a new stake in iShares MSCI ACWI ETF in the 2nd quarter valued at approximately $64,000. 61.52% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Price Performance

ACWI opened at $140.86 on Monday. iShares MSCI ACWI ETF has a 12 month low of $101.25 and a 12 month high of $141.63. The stock has a market cap of $23.41 billion, a P/E ratio of 20.91 and a beta of 0.93. The stock’s 50 day moving average price is $136.61 and its 200 day moving average price is $128.65.

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.