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

iShares MSCI World ETF (NYSEARCA:URTH)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $201.29 and last traded at $200.88, with a volume of 541825 shares changing hands. The stock had previously closed at $200.64.

iShares MSCI World ETF Stock Up 0.5%

The business has a 50-day moving average price of $188.48 and a 200-day moving average price of $187.50. The firm has a market capitalization of $8.59 billion, a PE ratio of 22.04 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in URTH. Assetmark Inc. purchased a new position in iShares MSCI World ETF in the first quarter worth approximately $33,000. Tiff Advisory Services LLC purchased a new position in iShares MSCI World ETF in the fourth quarter worth approximately $37,000. Clearstead Advisors LLC grew its position in iShares MSCI World ETF by 107.9% in the third quarter. Clearstead Advisors LLC now owns 262 shares of the company’s stock worth $48,000 after acquiring an additional 136 shares during the period. MAI Capital Management purchased a new position in iShares MSCI World ETF in the third quarter worth approximately $50,000. Finally, Comerica Bank grew its position in iShares MSCI World ETF by 51.1% in the third quarter. Comerica Bank now owns 281 shares of the company’s stock worth $51,000 after acquiring an additional 95 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.