Bricktown Capital LLC has reduced its stake in the iShares MSCI ACWI ETF, trimming its holdings by 34.8% in the third quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the institutional investor now owns 177,429 shares after selling 94,518 shares during the period. This adjustment reflects a strategic move, as the iShares MSCI ACWI ETF now constitutes 4.0% of Bricktown Capital’s investment portfolio, making it the firm’s eighth largest holding.
As of the latest filing, Bricktown Capital’s ownership of the iShares MSCI ACWI ETF was valued at approximately $24.5 million, which represents about 0.11% of the total fund. Several other hedge funds have also made significant changes to their positions in this exchange-traded fund, indicating a dynamic investment landscape.
Other Institutional Changes
Among the notable adjustments, Phoenix Financial Ltd. has dramatically increased its holdings by an astonishing 73,377.9% in the second quarter. The firm now holds 2,292,511 shares valued at $294.8 million after acquiring an additional 2,289,391 shares. Similarly, Qalhat Capital Ltd. has boosted its position by 46.4%, now owning 3,588,206 shares worth $461.4 million following a purchase of over 1.1 million shares.
Other significant increases include Pathway Financial Advisors LLC, which expanded its stake by 6,875.8%, now holding 244,292 shares valued at $31.4 million. Bogart Wealth LLC increased its stake by 35.1%, owning 925,215 shares worth $119 million after acquiring an additional 240,275 shares. Finally, StoneX Group Inc. entered the market with a new position valued at approximately $30 million.
Overall, institutional investors and hedge funds currently own 61.52% of the iShares MSCI ACWI ETF, reflecting strong interest in the fund among major financial players.
Current Market Performance
On the trading front, the iShares MSCI ACWI ETF opened at $142.41 on Tuesday. The fund maintains a market capitalization of $23.84 billion, with a price-to-earnings ratio of 20.91 and a beta of 0.93, indicating moderate volatility. Over the past year, the ETF has fluctuated, recording a 52-week low of $101.25 and a high of $143.24. Its current 50-day moving average stands at $140.77, while the 200-day moving average is at $135.60.
In addition to these changes, the iShares MSCI ACWI ETF announced a dividend of $1.2353 per share, which was paid on December 19, 2023. Investors on record as of December 16 received this dividend, marking a yield of 176.0%.
The iShares MSCI ACWI ETF, which follows the MSCI AC World index, tracks a market cap-weighted index of large- and mid-cap global stocks, capturing approximately 85% of the capitalization in both developed and emerging markets. Launched on March 26, 2008, the fund is managed by BlackRock, a leading asset management firm.
As interest in the iShares MSCI ACWI ETF continues to evolve, the actions of institutional investors like Bricktown Capital and others will undoubtedly shape the fund’s trajectory in the coming months.
