iShares MSCI World ETF (NYSEARCA:URTH) Sets New 1-Year High – Should You Buy?

iShares MSCI World ETF (NYSEARCA:URTHGet Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $204.59 and last traded at $204.00, with a volume of 148852 shares. The stock had previously closed at $203.91.

iShares MSCI World ETF Trading Up 0.1%

The stock has a market capitalization of $8.73 billion, a P/E ratio of 22.04 and a beta of 0.95. The stock’s fifty day moving average price is $192.61 and its two-hundred day moving average price is $188.97.

Institutional Investors Weigh In On iShares MSCI World ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dara Capital US Inc. bought a new stake in iShares MSCI World ETF during the 4th quarter valued at $1,932,000. Sava Penzisko Drushtvo A.D. Skopje bought a new stake in iShares MSCI World ETF during the 3rd quarter valued at $36,766,000. Cidel Asset Management Inc. bought a new stake in iShares MSCI World ETF during the 4th quarter valued at $1,376,000. UBS Group AG raised its holdings in iShares MSCI World ETF by 14.1% during the 4th quarter. UBS Group AG now owns 180,736 shares of the company’s stock valued at $33,575,000 after buying an additional 22,279 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in iShares MSCI World ETF by 168.4% during the 4th quarter. M&T Bank Corp now owns 22,497 shares of the company’s stock valued at $4,179,000 after buying an additional 14,115 shares during the last quarter.

iShares MSCI World ETF Company Profile

(Get Free Report)

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.

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