iShares MSCI World ETF (NYSEARCA:URTH) Reaches New 52-Week High – Here’s Why

iShares MSCI World ETF (NYSEARCA:URTH) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $190.18 and last traded at $190.0650, with a volume of 62145 shares. The stock had previously closed at $188.86.

iShares MSCI World ETF Price Performance

The firm’s fifty day simple moving average is $186.60 and its 200 day simple moving average is $181.27. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 22.04 and a beta of 0.97.

Institutional Trading of iShares MSCI World ETF

Hedge funds have recently modified their holdings of the business. AE Wealth Management LLC grew its holdings in shares of iShares MSCI World ETF by 1,400.0% during the second quarter. AE Wealth Management LLC now owns 150 shares of the company’s stock valued at $25,000 after buying an additional 140 shares in the last quarter. Clearstead Advisors LLC boosted its position in 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 acquiring an additional 136 shares during the period. MAI Capital Management purchased a new position in iShares MSCI World ETF during the 3rd quarter valued at about $50,000. Comerica Bank grew its stake in iShares MSCI World ETF by 51.1% during the 3rd quarter. Comerica Bank now owns 281 shares of the company’s stock valued at $51,000 after acquiring an additional 95 shares in the last quarter. Finally, Close Asset Management Ltd acquired a new position in shares of iShares MSCI World ETF in the 3rd quarter valued at about $54,000.

About iShares MSCI World ETF

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.