Financial Management Professionals Inc. Increases Stock Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Financial Management Professionals Inc. raised its position in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 66.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,615 shares of the company’s stock after acquiring an additional 1,445 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares MSCI ACWI ETF were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ACWI. Ameritas Advisory Services LLC increased its position in shares of iShares MSCI ACWI ETF by 53.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 26,029 shares of the company’s stock worth $3,058,000 after acquiring an additional 9,016 shares during the last quarter. Cherrydale Wealth Management LLC grew its stake in iShares MSCI ACWI ETF by 0.9% during the 4th quarter. Cherrydale Wealth Management LLC now owns 10,475 shares of the company’s stock valued at $1,231,000 after purchasing an additional 94 shares in the last quarter. Merit Financial Group LLC increased its holdings in iShares MSCI ACWI ETF by 1.5% during the 4th quarter. Merit Financial Group LLC now owns 7,539 shares of the company’s stock worth $886,000 after purchasing an additional 112 shares during the last quarter. Brand Asset Management Group Inc. raised its position in shares of iShares MSCI ACWI ETF by 10.5% in the 4th quarter. Brand Asset Management Group Inc. now owns 2,816 shares of the company’s stock valued at $331,000 after purchasing an additional 267 shares in the last quarter. Finally, Financial Enhancement Group LLC purchased a new position in shares of iShares MSCI ACWI ETF during the 4th quarter valued at approximately $6,270,000. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Trading Up 0.9 %

Shares of NASDAQ:ACWI opened at $119.60 on Friday. The firm has a market cap of $19.52 billion, a PE ratio of 19.74 and a beta of 0.93. The company has a fifty day simple moving average of $119.84 and a 200 day simple moving average of $117.43. iShares MSCI ACWI ETF has a 12-month low of $99.89 and a 12-month high of $123.58.

iShares MSCI ACWI ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $1.0662 per share. The ex-dividend date was Tuesday, December 17th.

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.