Cadence Bank Takes $22.81 Million Position in iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX)

Cadence Bank bought a new stake in iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 398,626 shares of the company’s stock, valued at approximately $22,809,000. iShares MSCI ACWI ex U.S. ETF comprises about 1.6% of Cadence Bank’s holdings, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Avestar Capital LLC raised its holdings in shares of iShares MSCI ACWI ex U.S. ETF by 8.3% in the 3rd quarter. Avestar Capital LLC now owns 14,478 shares of the company’s stock worth $828,000 after buying an additional 1,107 shares in the last quarter. FMR LLC boosted its stake in shares of iShares MSCI ACWI ex U.S. ETF by 124.9% in the 3rd quarter. FMR LLC now owns 31,919 shares of the company’s stock valued at $1,826,000 after purchasing an additional 17,727 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of iShares MSCI ACWI ex U.S. ETF during the 3rd quarter worth about $80,000. Canopy Partners LLC increased its holdings in shares of iShares MSCI ACWI ex U.S. ETF by 45.3% during the third quarter. Canopy Partners LLC now owns 12,119 shares of the company’s stock worth $693,000 after buying an additional 3,780 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in iShares MSCI ACWI ex U.S. ETF by 4.5% during the 3rd quarter. Cerity Partners LLC now owns 791,861 shares of the company’s stock valued at $45,310,000 after purchasing an additional 34,323 shares in the last quarter.

iShares MSCI ACWI ex U.S. ETF Stock Down 0.6 %

NASDAQ ACWX traded down $0.31 during trading hours on Tuesday, hitting $53.65. The company’s stock had a trading volume of 139,812 shares, compared to its average volume of 1,036,504. iShares MSCI ACWI ex U.S. ETF has a twelve month low of $48.68 and a twelve month high of $57.96. The firm has a market capitalization of $4.51 billion, a P/E ratio of 14.05 and a beta of 0.82. The stock has a fifty day moving average of $55.50 and a 200 day moving average of $54.57.

iShares MSCI ACWI ex U.S. ETF Company Profile

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.