Summary:
- Lineweaver Wealth Advisors sold its stake in the iShares Core MSCI Total International Stock ETF for an estimated $11.8 million.
- The firm’s position in the ETF was previously 1.9% of assets, and the sale involved 152,085 shares.
- The ETF offers exposure to international equities outside the US and has delivered strong returns in recent years.
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Lineweaver Wealth Advisors recently divested its holdings in the iShares Core MSCI Total International Stock ETF, making a significant $11.8 million transaction. The firm’s decision to exit its position, previously representing 1.9% of assets, was revealed in an SEC filing. This move involved selling 152,085 shares of the ETF, leaving Lineweaver with no remaining holdings in IXUS.
The iShares Core MSCI Total International Stock ETF provides investors with a broad exposure to developed and emerging market equities outside the United States. Despite Lineweaver’s exit, the ETF has performed well, with shares priced at $82.45 as of Monday afternoon. Over the past year, IXUS has seen a 15% increase, outpacing the S&P 500’s gain.
With net assets of $49.2 billion and a yield of 2.9%, the ETF tracks the MSCI ACWI ex USA Investable Market Index. This passively managed fund offers investors access to global equity markets and diversification across international markets. Overall, the sale by Lineweaver Wealth Advisors reflects a strategic shift in their investment approach, emphasizing stability and focusing on other assets in their portfolio.
