First Citizens Asset Management Inc. Has $509,000 Stake in iShares MSCI ACWI ETF (NASDAQ:ACWI)

First Citizens Asset Management Inc. lowered its stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,257 shares of the company’s stock after selling 369 shares during the quarter. iShares MSCI ACWI ETF comprises approximately 0.2% of First Citizens Asset Management Inc.’s investment portfolio, making the stock its 24th biggest position. First Citizens Asset Management Inc.’s holdings in iShares MSCI ACWI ETF were worth $509,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of iShares MSCI ACWI ETF by 12.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 165,518 shares of the company’s stock worth $18,604,000 after purchasing an additional 17,937 shares in the last quarter. Choate Investment Advisors grew its stake in iShares MSCI ACWI ETF by 19.6% during the first quarter. Choate Investment Advisors now owns 10,058 shares of the company’s stock worth $1,108,000 after buying an additional 1,650 shares in the last quarter. AQR Capital Management LLC bought a new position in iShares MSCI ACWI ETF in the 2nd quarter valued at about $204,000. Sanctuary Advisors LLC acquired a new position in shares of iShares MSCI ACWI ETF in the 2nd quarter valued at approximately $797,000. Finally, Fifth Third Bancorp raised its position in shares of iShares MSCI ACWI ETF by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 14,827 shares of the company’s stock valued at $1,667,000 after buying an additional 172 shares in the last quarter. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Performance

Shares of NASDAQ ACWI traded up $1.02 during trading hours on Tuesday, hitting $118.50. 488,078 shares of the stock were exchanged, compared to its average volume of 3,019,898. The company’s fifty day simple moving average is $117.84 and its two-hundred day simple moving average is $113.95. The company has a market cap of $19.22 billion, a PE ratio of 19.74 and a beta of 0.93. iShares MSCI ACWI ETF has a 1-year low of $93.09 and a 1-year high of $120.93.

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.