Elmwood Wealth Management Inc. Makes New $1.32 Million Investment in iShares MSCI ACWI ETF $ACWI

Elmwood Wealth Management Inc. acquired a new position in iShares MSCI ACWI ETF (NASDAQ:ACWI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,306 shares of the company’s stock, valued at approximately $1,317,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mawer Investment Management Ltd. acquired a new stake in iShares MSCI ACWI ETF during the third quarter worth approximately $5,644,000. Permanent Capital Management LP bought a new stake in iShares MSCI ACWI ETF in the third quarter worth approximately $7,584,000. Drake & Associates LLC lifted its stake in iShares MSCI ACWI ETF by 11.5% in the third quarter. Drake & Associates LLC now owns 204,224 shares of the company’s stock valued at $28,706,000 after buying an additional 20,997 shares during the period. Commonwealth Equity Services LLC lifted its stake in iShares MSCI ACWI ETF by 11.9% in the third quarter. Commonwealth Equity Services LLC now owns 61,579 shares of the company’s stock valued at $8,513,000 after buying an additional 6,538 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of iShares MSCI ACWI ETF by 73.1% during the 3rd quarter. Assetmark Inc. now owns 788,333 shares of the company’s stock worth $108,979,000 after buying an additional 332,908 shares in the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Stock Down 2.0%

Shares of ACWI stock opened at $136.54 on Monday. The company has a market cap of $25.26 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93. iShares MSCI ACWI ETF has a 52 week low of $101.25 and a 52 week high of $148.75. The firm has a 50 day moving average of $144.73 and a 200-day moving average of $141.56.

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.