iShares MSCI World ETF (NYSEARCA:URTH) Sets New 52-Week High – Should You Buy?

iShares MSCI World ETF (NYSEARCA:URTH) reached a new 52-week high on Friday . The company traded as high as $184.35 and last traded at $184.45, with a volume of 10438 shares traded. The stock had previously closed at $183.16.

iShares MSCI World ETF Stock Up 0.6%

The stock has a market cap of $6.63 billion, a P/E ratio of 22.04 and a beta of 0.96. The business has a 50 day moving average price of $179.44 and a two-hundred day moving average price of $169.10.

Hedge Funds Weigh In On iShares MSCI World ETF

Hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in iShares MSCI World ETF by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 539,306 shares of the company’s stock valued at $97,916,000 after buying an additional 65,663 shares during the last quarter. Pictet North America Advisors SA boosted its stake in iShares MSCI World ETF by 23.4% during the third quarter. Pictet North America Advisors SA now owns 20,189 shares of the company’s stock valued at $3,666,000 after buying an additional 3,824 shares during the last quarter. Keystone Global Partners LLC boosted its stake in iShares MSCI World ETF by 17,264.5% during the third quarter. Keystone Global Partners LLC now owns 21,532 shares of the company’s stock valued at $3,909,000 after buying an additional 21,408 shares during the last quarter. Fifth Third Securities Inc. boosted its stake in iShares MSCI World ETF by 31.9% during the third quarter. Fifth Third Securities Inc. now owns 15,366 shares of the company’s stock valued at $2,790,000 after buying an additional 3,715 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new position in iShares MSCI World ETF during the second quarter valued at approximately $221,000.

iShares MSCI World ETF Company Profile

The iShares MSCI World ETF (URTH) is an exchange-traded fund that is based on the MSCI World index, a market-cap-weighted index of stocks that cover 85% of the developed world’s market capitalization. URTH was launched on Jan 10, 2012 and is managed by BlackRock.