iShares MSCI World ETF (NYSEARCA:URTH) Hits New 12-Month High – Here’s Why

by · The Markets Daily

iShares MSCI World ETF (NYSEARCA:URTH – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $187.60 and last traded at $187.13, with a volume of 1174132 shares changing hands. The stock had previously closed at $185.88.

iShares MSCI World ETF Trading Up 0.7%

The stock has a market cap of $6.74 billion, a P/E ratio of 22.04 and a beta of 0.97. The company’s fifty day simple moving average is $183.43 and its 200-day simple moving average is $176.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evensky & Katz LLC raised its holdings in shares of iShares MSCI World ETF by 1.2% in the 1st quarter. Evensky & Katz LLC now owns 286,973 shares of the company’s stock worth $43,959,000 after buying an additional 3,391 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in iShares MSCI World ETF in the 1st quarter valued at $3,377,000. Partners Capital Investment Group LLP grew its position in iShares MSCI World ETF by 641.4% in the first quarter. Partners Capital Investment Group LLP now owns 175,970 shares of the company’s stock valued at $26,955,000 after acquiring an additional 152,236 shares during the period. Compound Planning Inc. raised its stake in iShares MSCI World ETF by 13.0% during the first quarter. Compound Planning Inc. now owns 6,518 shares of the company’s stock worth $998,000 after acquiring an additional 750 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares MSCI World ETF by 150.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 47,482 shares of the company’s stock valued at $7,273,000 after acquiring an additional 28,558 shares during the period.

About iShares MSCI World ETF

(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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