Magnolia Capital Management Ltd. Takes $214,000 Position in iShares MSCI ACWI ETF $ACWI

Magnolia Capital Management Ltd. acquired a new stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,665 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently made changes to their positions in ACWI. Allianz Asset Management GmbH grew its holdings in shares of iShares MSCI ACWI ETF by 1.8% in the 1st quarter. Allianz Asset Management GmbH now owns 1,760,090 shares of the company’s stock worth $204,857,000 after purchasing an additional 31,320 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of iShares MSCI ACWI ETF by 22.0% in the 1st quarter. EP Wealth Advisors LLC now owns 37,442 shares of the company’s stock worth $4,358,000 after purchasing an additional 6,752 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of iShares MSCI ACWI ETF by 14.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,804 shares of the company’s stock worth $361,000 after purchasing an additional 347 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of iShares MSCI ACWI ETF by 90.3% in the 1st quarter. Victory Capital Management Inc. now owns 80,414 shares of the company’s stock worth $9,359,000 after purchasing an additional 38,148 shares during the last quarter. Finally, Johnson Investment Counsel Inc. bought a new stake in shares of iShares MSCI ACWI ETF in the 1st quarter worth about $209,000. Institutional investors and hedge funds own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Performance

ACWI opened at $139.21 on Wednesday. The firm’s 50-day simple moving average is $134.65 and its 200-day simple moving average is $126.24. iShares MSCI ACWI ETF has a twelve month low of $101.25 and a twelve month high of $140.24. The firm has a market cap of $23.00 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93.

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.