iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Sets New 12-Month High – Still a Buy?

Shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $74.92 and last traded at $74.91, with a volume of 336172 shares trading hands. The stock had previously closed at $73.46.

iShares MSCI ACWI ex U.S. ETF Trading Up 1.4%

The firm’s 50 day simple moving average is $71.04 and its 200-day simple moving average is $68.66. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 16.03 and a beta of 0.76.

Institutional Investors Weigh In On iShares MSCI ACWI ex U.S. ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthspire Advisors LLC increased its stake in iShares MSCI ACWI ex U.S. ETF by 1.1% in the 4th quarter. Wealthspire Advisors LLC now owns 12,784 shares of the company’s stock valued at $858,000 after buying an additional 141 shares during the last quarter. Archer Investment Management LLC increased its stake in iShares MSCI ACWI ex U.S. ETF by 4.5% in the 4th quarter. Archer Investment Management LLC now owns 3,801 shares of the company’s stock valued at $255,000 after buying an additional 165 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in iShares MSCI ACWI ex U.S. ETF by 0.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 18,990 shares of the company’s stock valued at $1,275,000 after buying an additional 167 shares during the last quarter. Cim LLC increased its stake in iShares MSCI ACWI ex U.S. ETF by 0.6% in the 3rd quarter. Cim LLC now owns 26,053 shares of the company’s stock valued at $1,694,000 after buying an additional 167 shares during the last quarter. Finally, Sierra Capital LLC increased its stake in iShares MSCI ACWI ex U.S. ETF by 0.3% in the 4th quarter. Sierra Capital LLC now owns 56,374 shares of the company’s stock valued at $3,784,000 after buying an additional 170 shares during the last quarter.

About iShares MSCI ACWI ex U.S. ETF

The iShares MSCI ACWI ex U.S. ETF (ACWX) is an exchange-traded fund that is based on the MSCI AC World ex USA index. The fund tracks the performance of a market-cap-weighted index of international stocks. It captures 85% of the publicly available market, thus excluding small-caps. ACWX was launched on Mar 26, 2008 and is managed by BlackRock.