iShares MSCI World ETF (NYSEARCA:URTH) Sees Unusually-High Trading Volume – Here’s What Happened

iShares MSCI World ETF (NYSEARCA:URTH) saw unusually-high trading volume on Monday . Approximately 632,596 shares were traded during trading, an increase of 75% from the previous session’s volume of 362,349 shares.The stock last traded at $186.5130 and had previously closed at $186.09.

iShares MSCI World ETF Price Performance

The business has a 50-day moving average of $183.60 and a 200-day moving average of $176.51. The company has a market capitalization of $6.70 billion, a P/E ratio of 22.04 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI World ETF

Several institutional investors have recently bought and sold shares of URTH. AE Wealth Management LLC boosted its stake in shares of iShares MSCI World ETF by 1,400.0% in the second quarter. AE Wealth Management LLC now owns 150 shares of the company’s stock valued at $25,000 after purchasing an additional 140 shares during the period. Clearstead Advisors LLC raised its stake in shares of 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 in the last quarter. MAI Capital Management purchased a new position in iShares MSCI World ETF in the third quarter valued at $50,000. Comerica Bank grew its stake in iShares MSCI World ETF by 51.1% during the 3rd quarter. Comerica Bank now owns 281 shares of the company’s stock worth $51,000 after purchasing an additional 95 shares in the last quarter. Finally, Close Asset Management Ltd purchased a new stake in iShares MSCI World ETF during the 3rd quarter worth about $54,000.

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.