Envestnet Asset Management Inc. Cuts Stock Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Envestnet Asset Management Inc. reduced its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 299,734 shares of the company’s stock after selling 24,928 shares during the period. Envestnet Asset Management Inc. owned approximately 0.19% of iShares MSCI ACWI ETF worth $33,690,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Gryphon Financial Partners LLC lifted its position in shares of iShares MSCI ACWI ETF by 13.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 119,706 shares of the company’s stock worth $12,043,000 after buying an additional 14,208 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of iShares MSCI ACWI ETF during the 4th quarter worth approximately $31,000. Trexquant Investment LP raised its holdings in shares of iShares MSCI ACWI ETF by 61.7% during the 4th quarter. Trexquant Investment LP now owns 10,395 shares of the company’s stock worth $1,058,000 after acquiring an additional 3,967 shares in the last quarter. CreativeOne Wealth LLC bought a new position in shares of iShares MSCI ACWI ETF during the 4th quarter valued at approximately $269,000. Finally, Franklin Resources Inc. grew its holdings in shares of iShares MSCI ACWI ETF by 8.6% in the fourth quarter. Franklin Resources Inc. now owns 22,975 shares of the company’s stock valued at $2,338,000 after purchasing an additional 1,812 shares in the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Down 0.4 %

iShares MSCI ACWI ETF stock opened at $117.76 on Friday. iShares MSCI ACWI ETF has a 52-week low of $88.33 and a 52-week high of $118.57. The firm’s fifty day moving average is $114.09 and its 200 day moving average is $111.58. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93.

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.