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

iShares MSCI World ETF (NYSEARCA:URTH) shares reached a new 52-week high on Monday . The company traded as high as $189.78 and last traded at $189.7910, with a volume of 160304 shares changing hands. The stock had previously closed at $189.53.

iShares MSCI World ETF Trading Down 0.3%

The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 22.04 and a beta of 0.97. The stock’s 50-day moving average is $185.39 and its 200-day moving average is $179.94.

Hedge Funds Weigh In On iShares MSCI World ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in URTH. Keystone Global Partners LLC grew its stake in shares of iShares MSCI World ETF by 52.7% in the fourth quarter. Keystone Global Partners LLC now owns 32,879 shares of the company’s stock worth $6,108,000 after purchasing an additional 11,347 shares during the last quarter. BFI Infinity Ltd. lifted its holdings in iShares MSCI World ETF by 200.0% during the 4th quarter. BFI Infinity Ltd. now owns 2,056 shares of the company’s stock worth $382,000 after buying an additional 4,112 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of iShares MSCI World ETF in the 4th quarter valued at about $406,000. Sagespring Wealth Partners LLC increased its stake in shares of iShares MSCI World ETF by 2.6% in the fourth quarter. Sagespring Wealth Partners LLC now owns 3,428 shares of the company’s stock valued at $637,000 after buying an additional 86 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of iShares MSCI World ETF by 7.2% in the fourth quarter. Park Avenue Securities LLC now owns 4,309 shares of the company’s stock valued at $800,000 after buying an additional 291 shares during the period.

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.