iShares MSCI World ETF (NYSEARCA:URTH) Hits New 52-Week High – Should You Buy?

iShares MSCI World ETF (NYSEARCA:URTH)’s share price hit a new 52-week high on Friday . The company traded as high as $203.34 and last traded at $203.15, with a volume of 151174 shares changing hands. The stock had previously closed at $202.07.

iShares MSCI World ETF Price Performance

The company has a market cap of $8.65 billion, a P/E ratio of 22.04 and a beta of 0.95. The stock’s 50-day moving average is $190.18 and its two-hundred day moving average is $188.15.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Assetmark Inc. bought a new position in iShares MSCI World ETF in the first quarter valued at about $33,000. Tiff Advisory Services LLC bought a new position in iShares MSCI World ETF in the fourth quarter valued at about $37,000. Clearstead Advisors LLC lifted its holdings in iShares MSCI World ETF by 107.9% in the third quarter. Clearstead Advisors LLC now owns 262 shares of the company’s stock valued at $48,000 after acquiring an additional 136 shares during the period. MAI Capital Management bought a new position in iShares MSCI World ETF in the third quarter valued at about $50,000. Finally, Comerica Bank lifted its holdings in iShares MSCI World ETF by 51.1% in the third quarter. Comerica Bank now owns 281 shares of the company’s stock valued at $51,000 after acquiring 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.