iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Sees Strong Trading Volume – Here’s Why

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) shares saw unusually-high trading volume on Tuesday . Approximately 1,978,380 shares changed hands during mid-day trading, an increase of 92% from the previous session’s volume of 1,029,926 shares.The stock last traded at $53.69 and had previously closed at $53.75.

iShares MSCI ACWI ex U.S. ETF Price Performance

The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 14.05 and a beta of 0.82. The firm has a fifty day simple moving average of $55.59 and a 200 day simple moving average of $54.57.

Institutional Investors Weigh In On iShares MSCI ACWI ex U.S. ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC grew its stake in shares of iShares MSCI ACWI ex U.S. ETF by 2,733.7% in the first quarter. Flow Traders U.S. LLC now owns 917,469 shares of the company’s stock valued at $48,984,000 after buying an additional 885,092 shares in the last quarter. Jane Street Group LLC increased its stake in iShares MSCI ACWI ex U.S. ETF by 6,565.3% in the 1st quarter. Jane Street Group LLC now owns 730,121 shares of the company’s stock valued at $38,981,000 after purchasing an additional 719,167 shares in the last quarter. SG Americas Securities LLC purchased a new position in iShares MSCI ACWI ex U.S. ETF during the third quarter worth $25,005,000. Bank of Montreal Can increased its position in iShares MSCI ACWI ex U.S. ETF by 3,202.2% during the second quarter. Bank of Montreal Can now owns 435,694 shares of the company’s stock worth $23,227,000 after buying an additional 422,500 shares in the last quarter. Finally, OLD Mission Capital LLC boosted its holdings in shares of iShares MSCI ACWI ex U.S. ETF by 456.7% during the first quarter. OLD Mission Capital LLC now owns 513,431 shares of the company’s stock worth $27,412,000 after purchasing an additional 421,210 shares during the last quarter.

About iShares MSCI ACWI ex U.S. ETF

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.