Avidian Wealth Enterprises LLC Sells 448 Shares of iShares MSCI ACWI ETF (NASDAQ:ACWI)

Avidian Wealth Enterprises LLC cut its position in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,764 shares of the company’s stock after selling 448 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares MSCI ACWI ETF were worth $2,124,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in iShares MSCI ACWI ETF by 12.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 165,518 shares of the company’s stock valued at $18,604,000 after acquiring an additional 17,937 shares during the period. Choate Investment Advisors raised its position in shares of iShares MSCI ACWI ETF by 19.6% in the first quarter. Choate Investment Advisors now owns 10,058 shares of the company’s stock valued at $1,108,000 after purchasing an additional 1,650 shares during the period. AQR Capital Management LLC purchased a new stake in shares of iShares MSCI ACWI ETF during the 2nd quarter valued at approximately $204,000. Sanctuary Advisors LLC bought a new position in iShares MSCI ACWI ETF in the 2nd quarter worth approximately $797,000. Finally, Fifth Third Bancorp boosted its holdings in iShares MSCI ACWI ETF by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 14,827 shares of the company’s stock worth $1,667,000 after buying an additional 172 shares during the period. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Price Performance

Shares of ACWI stock opened at $118.85 on Wednesday. The stock has a market capitalization of $19.28 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93. The company’s fifty day simple moving average is $117.88 and its two-hundred day simple moving average is $114.05. iShares MSCI ACWI ETF has a 1 year low of $93.09 and a 1 year high of $120.93.

iShares MSCI ACWI ETF Profile

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.