Montecito Bank & Trust Cuts Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Montecito Bank & Trust decreased its stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 4.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,533 shares of the company’s stock after selling 435 shares during the quarter. Montecito Bank & Trust’s holdings in iShares MSCI ACWI ETF were worth $1,259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACWI. Financial Services Advisory Inc increased its stake in iShares MSCI ACWI ETF by 318.0% in the third quarter. Financial Services Advisory Inc now owns 74,236 shares of the company’s stock valued at $8,875,000 after acquiring an additional 56,477 shares during the last quarter. JFG Wealth Management LLC increased its position in shares of iShares MSCI ACWI ETF by 258.9% during the 3rd quarter. JFG Wealth Management LLC now owns 13,578 shares of the company’s stock valued at $1,623,000 after purchasing an additional 9,795 shares during the last quarter. Arlington Capital Management Inc. purchased a new position in shares of iShares MSCI ACWI ETF during the 3rd quarter valued at about $5,366,000. GFS Advisors LLC lifted its position in iShares MSCI ACWI ETF by 262,550.0% in the 3rd quarter. GFS Advisors LLC now owns 131,325 shares of the company’s stock worth $15,700,000 after buying an additional 131,275 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in iShares MSCI ACWI ETF by 4.2% in the third quarter. Janney Montgomery Scott LLC now owns 12,087 shares of the company’s stock worth $1,445,000 after buying an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Stock Performance

ACWI stock opened at $120.27 on Thursday. The company has a market capitalization of $19.51 billion, a PE ratio of 19.74 and a beta of 0.93. iShares MSCI ACWI ETF has a one year low of $93.09 and a one year high of $120.93. The company’s 50 day moving average price is $117.96 and its two-hundred day moving average price is $114.09.

iShares MSCI ACWI ETF Company 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.