iShares MSCI World ETF (NYSEARCA:URTH) Sets New 1-Year High – Should You Buy?

iShares MSCI World ETF (NYSEARCA:URTH)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $196.59 and last traded at $196.59, with a volume of 543504 shares traded. The stock had previously closed at $193.87.

iShares MSCI World ETF Stock Performance

The stock has a market cap of $8.24 billion, a P/E ratio of 22.04 and a beta of 0.95. The firm has a 50-day moving average price of $187.07 and a 200-day moving average price of $186.47.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in URTH. NewEdge Advisors LLC raised its position in shares of iShares MSCI World ETF by 70,466.7% in the 2nd quarter. NewEdge Advisors LLC now owns 25,404 shares of the company’s stock worth $4,303,000 after acquiring an additional 25,368 shares in the last quarter. Main Street Financial Solutions LLC bought a new position in shares of iShares MSCI World ETF in the 2nd quarter worth approximately $513,000. Raymond James Financial Inc. raised its position in shares of iShares MSCI World ETF by 5.3% in the 2nd quarter. Raymond James Financial Inc. now owns 115,770 shares of the company’s stock worth $19,609,000 after acquiring an additional 5,780 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of iShares MSCI World ETF by 184.8% in the 2nd 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 raised its position in shares of iShares MSCI World ETF by 42.7% in the 2nd 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.

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.