iShares MSCI World ETF (NYSEARCA:URTH) Sets New 12-Month High – Time to Buy?

iShares MSCI World ETF (NYSEARCA:URTH) shares hit a new 52-week high on Thursday . The company traded as high as $204.59 and last traded at $204.00, with a volume of 148852 shares trading hands. The stock had previously closed at $203.91.

iShares MSCI World ETF Trading Up 0.4%

The business’s 50 day moving average price is $191.74 and its two-hundred day moving average price is $188.70. The stock has a market cap of $8.72 billion, a P/E ratio of 22.04 and a beta of 0.95.

Institutional Investors Weigh In On iShares MSCI World ETF

A number of large investors have recently modified their holdings of URTH. NewEdge Advisors LLC boosted its stake in shares of iShares MSCI World ETF by 70,466.7% during the 2nd quarter. NewEdge Advisors LLC now owns 25,404 shares of the company’s stock valued at $4,303,000 after purchasing an additional 25,368 shares in the last quarter. Main Street Financial Solutions LLC bought a new stake in shares of iShares MSCI World ETF during the 2nd quarter valued at about $513,000. Raymond James Financial Inc. boosted its stake in shares of iShares MSCI World ETF by 5.3% during the 2nd quarter. Raymond James Financial Inc. now owns 115,770 shares of the company’s stock valued at $19,609,000 after purchasing an additional 5,780 shares in the last quarter. Lazard Asset Management LLC boosted its stake in iShares MSCI World ETF by 184.8% during the second quarter. Lazard Asset Management LLC now owns 50,300 shares of the company’s stock worth $8,519,000 after acquiring an additional 32,640 shares in the last quarter. Finally, Two Sigma Securities LLC boosted its stake in iShares MSCI World ETF by 42.7% during the second quarter. Two Sigma Securities LLC now owns 2,052 shares of the company’s stock worth $348,000 after acquiring an additional 614 shares in the last quarter.

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.