Allianz Asset Management GmbH Trims Position in iShares MSCI ACWI ETF $ACWI

Allianz Asset Management GmbH cut its position in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,097,868 shares of the company’s stock after selling 23,787 shares during the period. Allianz Asset Management GmbH’s holdings in iShares MSCI ACWI ETF were worth $155,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triumph Capital Management purchased a new stake in shares of iShares MSCI ACWI ETF in the third quarter worth $27,000. Godfrey Financial Associates Inc. purchased a new position in iShares MSCI ACWI ETF during the fourth quarter valued at $27,000. Smith & Howard Wealth Management LLC purchased a new position in iShares MSCI ACWI ETF during the fourth quarter valued at $31,000. Root Financial Partners LLC grew its stake in iShares MSCI ACWI ETF by 7,100.0% during the fourth quarter. Root Financial Partners LLC now owns 216 shares of the company’s stock valued at $31,000 after acquiring an additional 213 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new position in iShares MSCI ACWI ETF during the fourth quarter valued at $71,000. 61.52% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Stock Performance

ACWI opened at $154.60 on Wednesday. The stock has a market capitalization of $31.97 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92. The company has a fifty day moving average of $151.11 and a 200 day moving average of $145.88. iShares MSCI ACWI ETF has a fifty-two week low of $123.20 and a fifty-two week high of $160.03.

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.