11,083 Shares in iShares MSCI ACWI ETF (NASDAQ:ACWI) Bought by Shum Financial Group Inc.

Shum Financial Group Inc. purchased a new stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,083 shares of the company’s stock, valued at approximately $1,317,000. iShares MSCI ACWI ETF accounts for about 1.1% of Shum Financial Group Inc.’s investment portfolio, making the stock its 29th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACWI. Continuum Advisory LLC bought a new position in shares of iShares MSCI ACWI ETF in the second quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares MSCI ACWI ETF during the second quarter worth $39,000. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares MSCI ACWI ETF in the 3rd quarter valued at approximately $67,000. IAG Wealth Partners LLC bought a new stake in iShares MSCI ACWI ETF in the 2nd quarter valued at $88,000. Finally, Quent Capital LLC boosted its stake in iShares MSCI ACWI ETF by 19.9% in the 3rd quarter. Quent Capital LLC now owns 836 shares of the company’s stock worth $100,000 after purchasing an additional 139 shares during the period. 61.52% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Price Performance

Shares of ACWI traded up $0.01 during midday trading on Tuesday, hitting $120.87. The stock had a trading volume of 215,381 shares, compared to its average volume of 2,952,977. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93. The company has a 50 day simple moving average of $119.31 and a two-hundred day simple moving average of $115.30. iShares MSCI ACWI ETF has a twelve month low of $97.42 and a twelve month high of $121.86.

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.