iShares MSCI World ETF (NYSEARCA:URTH) Hits New 12-Month High – Here’s What Happened

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

iShares MSCI World ETF Price Performance

The stock’s 50-day moving average price is $190.51 and its 200-day moving average price is $188.25. The company has a market cap of $8.63 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 institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in shares of iShares MSCI World ETF by 2.0% in the first quarter. NewEdge Advisors LLC now owns 28,407 shares of the company’s stock valued at $5,114,000 after acquiring an additional 554 shares during the period. Guardian Partners Inc. bought a new stake in shares of iShares MSCI World ETF in the first quarter valued at about $53,000. Royal Bank of Canada boosted its position in shares of iShares MSCI World ETF by 6.3% in the first quarter. Royal Bank of Canada now owns 2,156,319 shares of the company’s stock valued at $388,181,000 after acquiring an additional 128,687 shares during the period. Evelyn Partners Investment Management Europe Ltd lifted its position in iShares MSCI World ETF by 0.8% during the first quarter. Evelyn Partners Investment Management Europe Ltd now owns 104,945 shares of the company’s stock worth $18,892,000 after purchasing an additional 797 shares during the period. Finally, Evelyn Partners Investment Management LLP lifted its position in iShares MSCI World ETF by 14.5% during the first quarter. Evelyn Partners Investment Management LLP now owns 11,534 shares of the company’s stock worth $2,076,000 after purchasing an additional 1,460 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.