iShares MSCI World ETF (NYSEARCA:URTH) Sees Strong Trading Volume – Here’s Why

iShares MSCI World ETF (NYSEARCA:URTH) shares saw strong trading volume on Monday . 632,596 shares changed hands during mid-day 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’s 50 day simple moving average is $183.68 and its 200 day simple moving average is $176.82. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 22.04 and a beta of 0.97.

Institutional Trading of iShares MSCI World ETF

A number of hedge funds have recently added to or reduced their stakes in URTH. Barings LLC boosted its stake in shares of iShares MSCI World ETF by 14.0% in the second quarter. Barings LLC now owns 358,101 shares of the company’s stock valued at $60,655,000 after buying an additional 43,856 shares in the last quarter. Cresset Asset Management LLC raised its position in iShares MSCI World ETF by 30.5% in the second quarter. Cresset Asset Management LLC now owns 21,749 shares of the company’s stock worth $3,684,000 after acquiring an additional 5,077 shares in the last quarter. AlphaCore Capital LLC lifted its holdings in iShares MSCI World ETF by 217.1% in the second quarter. AlphaCore Capital LLC now owns 1,075 shares of the company’s stock valued at $182,000 after acquiring an additional 736 shares during the period. Atria Investments Inc purchased a new stake in shares of iShares MSCI World ETF during the 2nd quarter worth $276,000. Finally, Archer Investment Corp grew its stake in shares of iShares MSCI World ETF by 188.1% during the 2nd quarter. Archer Investment Corp now owns 484 shares of the company’s stock worth $82,000 after purchasing an additional 316 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.