Franklin Resources Inc. Has $26.62 Million Stock Position in iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX)

Franklin Resources Inc. cut its position in iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 510,254 shares of the company’s stock after selling 13,051 shares during the period. Franklin Resources Inc. owned 0.56% of iShares MSCI ACWI ex U.S. ETF worth $26,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of iShares MSCI ACWI ex U.S. ETF by 124.9% during the third quarter. FMR LLC now owns 31,919 shares of the company’s stock valued at $1,826,000 after buying an additional 17,727 shares during the last quarter. Quantinno Capital Management LP acquired a new position in iShares MSCI ACWI ex U.S. ETF during the 3rd quarter valued at about $281,000. Kovitz Investment Group Partners LLC increased its holdings in iShares MSCI ACWI ex U.S. ETF by 11.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 81,072 shares of the company’s stock worth $4,639,000 after purchasing an additional 8,471 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of iShares MSCI ACWI ex U.S. ETF in the third quarter worth approximately $127,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of iShares MSCI ACWI ex U.S. ETF by 43.5% in the third quarter. Orion Portfolio Solutions LLC now owns 15,421 shares of the company’s stock valued at $882,000 after purchasing an additional 4,671 shares in the last quarter.

iShares MSCI ACWI ex U.S. ETF Stock Down 6.3 %

Shares of NASDAQ:ACWX opened at $51.22 on Monday. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 15.00 and a beta of 0.76. The business’s 50 day moving average is $55.56 and its 200 day moving average is $54.83. iShares MSCI ACWI ex U.S. ETF has a 12-month low of $49.84 and a 12-month high of $57.96.

About iShares MSCI ACWI ex U.S. ETF

The iShares MSCI ACWI ex U.S. ETF (ACWX) is an exchange-traded fund that is based on the MSCI AC World ex USA index. The fund tracks the performance of a market-cap-weighted index of international stocks. It captures 85% of the publicly available market, thus excluding small-caps. ACWX was launched on Mar 26, 2008 and is managed by BlackRock.