iShares MSCI World ETF (NYSEARCA:URTH) Hits New 1-Year High – What’s Next?

Shares of iShares MSCI World ETF (NYSEARCA:URTH) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $207.01 and last traded at $207.00, with a volume of 25119 shares traded. The stock had previously closed at $205.85.

iShares MSCI World ETF Stock Up 0.9%

The stock’s fifty day moving average price is $202.46 and its 200-day moving average price is $194.46. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 22.04 and a beta of 0.95.

Institutional Trading of iShares MSCI World ETF

Several institutional investors and hedge funds have recently bought and sold shares of URTH. Royal Bank of Canada grew its stake in iShares MSCI World ETF by 6.3% in the 1st quarter. Royal Bank of Canada now owns 2,156,319 shares of the company’s stock valued at $388,181,000 after buying an additional 128,687 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares MSCI World ETF by 2,255.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,001,044 shares of the company’s stock valued at $185,964,000 after purchasing an additional 958,545 shares in the last quarter. Amundi acquired a new stake in iShares MSCI World ETF in the third quarter valued at about $147,843,000. CI Investments Inc. grew its holdings in shares of iShares MSCI World ETF by 255.4% during the 4th quarter. CI Investments Inc. now owns 391,402 shares of the company’s stock valued at $72,711,000 after purchasing an additional 281,273 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of iShares MSCI World ETF by 77.4% during the third quarter. Bank of America Corp DE now owns 359,565 shares of the company’s stock worth $65,283,000 after buying an additional 156,891 shares during the last quarter.

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.