Keybank National Association OH, a financial institution based in Ohio, has recently acquired a new stake in iShares MSCI ACWI ETF, a global equity exchange-traded fund traded on the NASDAQ under the ticker symbol ACWI. The purchase of 3,491 shares of the company’s stock amounts to an estimated value of approximately $318,000. This information was disclosed in the firm’s most recent 13F filing with the Securities and Exchange Commission (SEC) for the first quarter of this year.
The decision to invest in iShares MSCI ACWI ETF demonstrates Keybank National Association OH’s strategic approach towards diversifying its investment portfolio. By acquiring shares in this global equity ETF, the bank aims to gain exposure to a broad range of developed and emerging market stocks from both established and emerging economies worldwide. The iShares MSCI ACWI ETF seeks to replicate the performance of the MSCI All Country World Index, providing investors with access to a comprehensive representation of equity securities across various regions and sectors.
Hedge fund enthusiasts interested in tracking the investment holdings and activities related to iShares MSCI ACWI ETF can access this information through HoldingsChannel.com, a reputable platform that provides up-to-date 13F filings and insider trades for multiple public companies. This resource enables investors to stay informed on key developments in their investment interests and make well-informed decisions accordingly.
In addition to its recent acquisition, iShares MSCI ACWI ETF has also announced a semi-annual dividend payout. Shareholders who held positions as of Thursday, June 8th were eligible to receive a dividend payment of $0.9529 per share on Tuesday, June 13th. It is important for investors to take note of such dividend dates as they impact cash flows from their investments.
It appears that Keybank National Association OH made its acquisition prior to the ex-dividend date for this particular dividend distribution, which fell on Wednesday, June 7th. The ex-dividend date is a critical factor to consider when investing in dividend-paying stocks as it indicates the last day on which a new investor can purchase shares and still be entitled to receive the upcoming dividend payment. By purchasing the shares before this date, Keybank National Association OH ensured that it would be eligible for the dividend payment.
As of now, it remains unknown what Keybank National Association OH’s future plans are regarding its investment in iShares MSCI ACWI ETF. However, its attention towards this global equity ETF signifies a deliberate move towards diversification and exposure to various markets and sectors worldwide. It will be interesting to observe how this investment performs and whether similar strategic decisions are undertaken by other financial institutions in the future.
– Securities & Exchange Commission (SEC)
Institutional Investors Show Strong Interest in iShares MSCI ACWI ETF (ACWI)
In recent months, there have been notable developments in the positions held by various institutional investors in the iShares MSCI ACWI ETF (ACWI). One such investor, Moneta Group Investment Advisors LLC, made a significant move by purchasing a new position in the fourth quarter of last year. This particular acquisition was valued at an impressive $10,534,154,000.
Another major player that has shown interest in the iShares MSCI ACWI ETF is Morgan Stanley. During the same period, this financial giant grew its stake in ACWI by a staggering 164.4%. As a result, Morgan Stanley now owns a substantial 10,243,398 shares of the company’s stock with an estimated value of $869,460,000.
UBS Group AG is another institution that stands out for its increased involvement with ACWI. In the fourth quarter of last year, UBS Group AG expanded its stake by 10.5%, now owning approximately 7,101,249 shares valued at $602,754,000.
National Bank of Canada FI also took part in these investment endeavors. The bank experienced remarkable growth in its stake by a mind-boggling 63,927.9% during the first quarter of this year. Having purchased an additional 6,947,687 shares during this time frame alone puts their total ownership at around 6,958,555 shares valued at $634,308,000.
Lastly but not least important among these institutional investors is Toronto Dominion Bank who saw their stake rise by an astonishing 315.1% during the fourth quarter of last year. With an additional 4,604,000 shares acquired during this period alone brings their total ownership to about 6,o65ooo shares which are worth $514487,o00.
It is worth noting that hedge funds and other institutional investors collectively hold approximately 55.30% of ACWI’s stock.
On Thursday, ACWI opened at a price of $95.12. To gain insight into the stock’s performance, it is worth taking note of its 50-day moving average which currently stands at $96.29, and its two-hundred day moving average that sits at $93.28. Additionally, it is essential to consider the stock’s performance over the last year: its lowest point was at $75.71 while its highest reached an impressive $99.53.
When evaluating ACWI as an investment opportunity, one must also take into account its market capitalization which stands at a significant $17.65 billion. Furthermore, the stock boasts a price-to-earnings (PE) ratio of 15.44 and a beta value of 0.93.
The iShares MSCI ACWI ETF presents itself as an exchange-traded fund that tracks the MSCI AC World index. This index follows a market cap-weighted approach to include large- and mid-cap global stocks, effectively capturing about 85% of both developed and emerging markets’ capitalization. The fund was launched on March 26, 2008, and is managed by BlackRock, one of the most prominent asset managers in the world.
In summary, recent changes in positions held by institutional investors demonstrate significant interest in the iShares MSCI ACWI ETF (ACWI). With various financial giants increasing their stake in this globally focused exchange-traded fund, it becomes increasingly clear that ACWI has caught the attention of seasoned investors seeking exposure to large- and mid-cap opportunities across developed and emerging markets sectors.