Moran Wealth Management LLC Lowers Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Moran Wealth Management LLC trimmed its position in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 94.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,114 shares of the company’s stock after selling 35,428 shares during the quarter. Moran Wealth Management LLC’s holdings in iShares MSCI ACWI ETF were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ACWI. Rhumbline Advisers raised its position in shares of iShares MSCI ACWI ETF by 26.4% in the 4th quarter. Rhumbline Advisers now owns 11,224 shares of the company’s stock worth $1,319,000 after acquiring an additional 2,346 shares in the last quarter. IFP Advisors Inc raised its position in shares of iShares MSCI ACWI ETF by 11.5% in the 4th quarter. IFP Advisors Inc now owns 3,874 shares of the company’s stock worth $455,000 after acquiring an additional 401 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of iShares MSCI ACWI ETF by 14.9% in the 4th quarter. Bank of New York Mellon Corp now owns 377,401 shares of the company’s stock worth $44,345,000 after acquiring an additional 48,890 shares in the last quarter. Bryn Mawr Capital Management LLC bought a new position in shares of iShares MSCI ACWI ETF in the 4th quarter worth $271,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of iShares MSCI ACWI ETF in the 4th quarter worth $2,053,000. 61.52% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI ACWI ETF Trading Up 0.4%

ACWI opened at $128.04 on Friday. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 21.59 and a beta of 0.93. iShares MSCI ACWI ETF has a 12 month low of $101.25 and a 12 month high of $128.44. The stock has a fifty day moving average price of $122.18 and a 200-day moving average price of $119.60.

iShares MSCI ACWI ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were given a dividend of $0.9612 per share. The ex-dividend date of this dividend was Monday, June 16th.

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.