iShares MSCI World ETF (NYSEARCA:URTH) Sets New 52-Week High – Here’s What Happened

iShares MSCI World ETF (NYSEARCA:URTH)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $199.60 and last traded at $199.38, with a volume of 165398 shares changing hands. The stock had previously closed at $197.03.

iShares MSCI World ETF Stock Up 1.4%

The firm has a fifty day moving average price of $187.32 and a two-hundred day moving average price of $186.73. The stock has a market capitalization of $8.51 billion, a P/E ratio of 22.04 and a beta of 0.95.

Hedge Funds Weigh In On iShares MSCI World ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dara Capital US Inc. purchased a new stake in shares of iShares MSCI World ETF during the fourth quarter valued at $1,932,000. Cidel Asset Management Inc. purchased a new stake in shares of iShares MSCI World ETF during the fourth quarter valued at $1,376,000. Sava Penzisko Drushtvo A.D. Skopje purchased a new stake in shares of iShares MSCI World ETF during the third quarter valued at $36,766,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of iShares MSCI World ETF by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 539,306 shares of the company’s stock valued at $97,916,000 after buying an additional 65,663 shares during the last quarter. Finally, Banco Santander S.A. boosted its position in shares of iShares MSCI World ETF by 14.6% during the third quarter. Banco Santander S.A. now owns 236,426 shares of the company’s stock valued at $42,926,000 after buying an additional 30,080 shares during the last quarter.

iShares MSCI World ETF Company Profile

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.