Hoxton Planning & Management LLC has significantly increased its position in the iShares MSCI ACWI ETF (NASDAQ:ACWI), signaling a notable move within the institutional investment landscape. This strategic acquisition in the first quarter aligns with recent filings with the Securities and Exchange Commission (SEC), highlighting a growing confidence among select firms in this global exchange-traded fund.
Specifically, Hoxton Planning & Management LLC acquired 3,004 shares of the iShares MSCI ACWI ETF. This substantial new stake is valued at approximately $350,000, indicating a calculated and direct investment into a broad-based market instrument that covers diverse global equities.
Beyond Hoxton, other prominent institutional investors have also recalibrated their holdings in the iShares MSCI ACWI ETF. Allianz Asset Management GmbH, for instance, noticeably raised its stake by 1.8% during the first quarter. This adjustment brought Allianz’s total ownership to an impressive 1,760,090 shares, valued at over $204 million, reflecting a continued commitment to the fund.
Gotham Asset Management LLC similarly expanded its presence in the ETF, increasing its stake by 13.8% in the fourth quarter. Their portfolio now includes 117,483 shares, amounting to approximately $13.8 million, underscoring a strategic expansion of their investment portfolio.
Victory Capital Management Inc. demonstrated a particularly aggressive stance, boosting its stake in the iShares MSCI ACWI ETF by a remarkable 90.3% in the first quarter. This substantial increase resulted in their holding 80,414 shares, valued at nearly $9.4 million, emphasizing a strong bullish outlook from their perspective.
Adding to the wave of institutional activity, Sei Investments Co. established a new position in the ETF during the fourth quarter, valued at around $324,000. Concurrently, Johnson Investment Counsel Inc. initiated a new stake in the first quarter, with their investment valued at approximately $209,000, further diversifying the institutional investor base.
Collectively, institutional investors now command a significant portion of the company’s stock, holding 61.52% of the shares. This high level of institutional ownership reflects a widespread belief in the fund’s stability and growth potential, making it a key focus for market observers.
From a market performance standpoint, the iShares MSCI ACWI ETF opened at $129.96 on Friday. The fund has experienced a 1-year low of $101.25 and a 1-year high of $131.96, showcasing its volatility within defined boundaries. Its 50-day moving average stands at $127.39, while the 200-day moving average is $121.42, indicating recent upward momentum.
The iShares MSCI ACWI ETF (ACWI) is designed to track the MSCI AC World index, offering investors exposure to a market cap-weighted index of large- and mid-cap global stocks. Covering approximately 85% of developed and emerging markets capitalization, this fund, launched on March 26, 2008, and managed by BlackRock, remains a pivotal investment vehicle for broad global market exposure.
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