iShares MSCI World ETF (NYSEARCA:URTH) Reaches New 12-Month High – What’s Next?

Shares of iShares MSCI World ETF (NYSEARCA:URTH) hit a new 52-week high during trading on Monday . The company traded as high as $161.44 and last traded at $161.12, with a volume of 52043 shares traded. The stock had previously closed at $161.14.

iShares MSCI World ETF Stock Up 0.1 %

The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 21.13 and a beta of 0.96. The company’s fifty day moving average is $157.57 and its 200 day moving average is $152.10.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in iShares MSCI World ETF during the first quarter worth approximately $4,862,000. Bank of New York Mellon Corp raised its stake in iShares MSCI World ETF by 20.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,086 shares of the company’s stock valued at $308,000 after acquiring an additional 352 shares during the period. Raymond James & Associates lifted its holdings in iShares MSCI World ETF by 14.0% during the 2nd quarter. Raymond James & Associates now owns 22,541 shares of the company’s stock valued at $3,325,000 after purchasing an additional 2,770 shares during the last quarter. Lorne Steinberg Wealth Management Inc. boosted its position in iShares MSCI World ETF by 5.8% during the second quarter. Lorne Steinberg Wealth Management Inc. now owns 3,315 shares of the company’s stock worth $489,000 after purchasing an additional 183 shares during the period. Finally, Evensky & Katz LLC raised its position in shares of iShares MSCI World ETF by 1.1% in the third quarter. Evensky & Katz LLC now owns 281,756 shares of the company’s stock valued at $44,210,000 after purchasing an additional 2,931 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.