Essex Financial Services Inc. Lowers Stock Holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Essex Financial Services Inc. lowered its holdings in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,281 shares of the company’s stock after selling 108 shares during the period. Essex Financial Services Inc.’s holdings in iShares MSCI ACWI ETF were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ACWI. Granger Management LLC boosted its position in iShares MSCI ACWI ETF by 252.2% during the fourth quarter. Granger Management LLC now owns 1,339,321 shares of the company’s stock worth $157,370,000 after purchasing an additional 959,000 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in iShares MSCI ACWI ETF by 16,345.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 916,174 shares of the company’s stock worth $109,529,000 after purchasing an additional 910,603 shares in the last quarter. DRW Securities LLC boosted its position in iShares MSCI ACWI ETF by 842.9% during the third quarter. DRW Securities LLC now owns 353,777 shares of the company’s stock worth $42,294,000 after purchasing an additional 316,256 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in iShares MSCI ACWI ETF during the fourth quarter worth approximately $18,093,000. Finally, FMR LLC boosted its position in iShares MSCI ACWI ETF by 98.3% during the third quarter. FMR LLC now owns 281,784 shares of the company’s stock worth $33,687,000 after purchasing an additional 139,701 shares in the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Trading Up 1.2 %

Shares of ACWI stock opened at $123.64 on Friday. The company has a market capitalization of $19.98 billion, a P/E ratio of 19.74 and a beta of 0.93. The business’s 50 day moving average is $120.12 and its two-hundred day moving average is $118.31. iShares MSCI ACWI ETF has a 12-month low of $103.84 and a 12-month high of $123.64.

iShares MSCI ACWI ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a $1.0662 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.