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

iShares MSCI World ETF (NYSEARCA:URTH)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $199.60 and last traded at $199.38, with a volume of 165398 shares changing hands. The stock had previously closed at $197.03.

iShares MSCI World ETF Price Performance

The company has a 50-day moving average of $187.71 and a two-hundred day moving average of $186.99. The stock has a market capitalization of $8.54 billion, a PE ratio of 22.04 and a beta of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. purchased a new stake in iShares MSCI World ETF in the first quarter valued at approximately $33,000. Tiff Advisory Services LLC purchased a new stake in shares of iShares MSCI World ETF during the 4th quarter valued at $37,000. Clearstead Advisors LLC increased its holdings in shares of iShares MSCI World ETF by 107.9% during the 3rd quarter. Clearstead Advisors LLC now owns 262 shares of the company’s stock worth $48,000 after buying an additional 136 shares during the last quarter. MAI Capital Management acquired a new stake in shares of iShares MSCI World ETF during the 3rd quarter worth $50,000. Finally, Comerica Bank raised its position in shares of iShares MSCI World ETF by 51.1% in the 3rd quarter. Comerica Bank now owns 281 shares of the company’s stock worth $51,000 after buying an additional 95 shares during the period.

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.