Renaissance Technologies LLC Cuts Position in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Renaissance Technologies LLC cut its holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,500 shares of the company’s stock after selling 1,100 shares during the period. Renaissance Technologies LLC owned about 0.05% of iShares MSCI ACWI ETF worth $9,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Continuum Advisory LLC purchased a new stake in shares of iShares MSCI ACWI ETF during the 2nd quarter valued at $28,000. Joseph Group Capital Management increased its holdings in iShares MSCI ACWI ETF by 324.6% during the fourth quarter. Joseph Group Capital Management now owns 293 shares of the company’s stock worth $30,000 after buying an additional 224 shares during the last quarter. Principal Securities Inc. bought a new stake in iShares MSCI ACWI ETF in the fourth quarter worth about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in iShares MSCI ACWI ETF in the second quarter valued at about $39,000. Finally, Vima LLC bought a new position in shares of iShares MSCI ACWI ETF during the 4th quarter valued at approximately $42,000. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Trading Up 0.7 %

NASDAQ:ACWI opened at $119.02 on Wednesday. iShares MSCI ACWI ETF has a 12 month low of $88.33 and a 12 month high of $119.06. The firm’s 50 day moving average is $114.18 and its 200 day moving average is $111.79. The stock has a market capitalization of $19.04 billion, a PE 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.