Bricktown Capital LLC has significantly reduced its holdings in the iShares MSCI ACWI ETF (NASDAQ: ACWI) by 34.8% during the third quarter of 2023, as revealed in the firm’s latest filing with the Securities and Exchange Commission. The institutional investor now owns 177,429 shares after selling 94,518 shares during this period. The iShares MSCI ACWI ETF represents 4.0% of Bricktown Capital’s investment portfolio, making it the firm’s eighth largest holding.
As of the most recent SEC filing, Bricktown Capital’s stake in the iShares MSCI ACWI ETF is valued at approximately $24.5 million, accounting for around 0.11% of the total fund. This decision follows a trend among other hedge funds that have also adjusted their positions in the ETF.
Several institutional investors have recently made significant changes to their stakes. Notably, Phoenix Financial Ltd. increased its holdings in the iShares MSCI ACWI ETF by an impressive 73,377.9% in the second quarter, now owning 2,292,511 shares valued at $294.8 million. This followed the acquisition of an additional 2,289,391 shares during the quarter.
Similarly, Qalhat Capital Ltd. boosted its position by 46.4%, now holding 3,588,206 shares worth $461.4 million after purchasing an extra 1,137,134 shares. Pathway Financial Advisors LLC also expanded its stake by an astonishing 6,875.8%, bringing its total to 244,292 shares valued at $31.4 million following an additional purchase of 240,790 shares.
Other notable changes include Bogart Wealth LLC, which increased its holdings by 35.1%, now possessing 925,215 shares valued at $119 million, and StoneX Group Inc., which established a new position in the ETF valued at approximately $30 million.
Overall, institutional investors and hedge funds collectively own approximately 61.52% of the iShares MSCI ACWI ETF.
Current Performance and Market Position
As of the latest trading session, iShares MSCI ACWI ETF shares are down 0.3%, opening at $142.41 on Tuesday. The ETF has a market capitalization of $23.84 billion, a price-to-earnings ratio of 20.91, and a beta of 0.93.
The fund has experienced a 52-week low of $101.25 and a 52-week high of $143.24. Its 50-day moving average price stands at $140.77, while the 200-day moving average price is $135.60.
Dividend Announcement
In addition to the adjustments in holdings, the iShares MSCI ACWI ETF recently announced a dividend that was paid on December 19, 2023. Investors of record on December 16, 2023 received a dividend of $1.2353 per share, with an ex-dividend date also set for December 16. This dividend payout represents a yield of 176.0%, reflecting the ETF’s commitment to returning value to its shareholders.
The iShares MSCI ACWI ETF, launched on March 26, 2008, is designed to track the MSCI AC World Index. The fund covers approximately 85% of the market capitalization of both developed and emerging markets, making it a significant player in global investment portfolios. Managed by BlackRock, the ETF continues to attract a diverse range of investors seeking exposure to international equities.
