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

iShares MSCI World ETF (NYSEARCA:URTH) shares hit a new 52-week high on Monday . The company traded as high as $190.18 and last traded at $190.0650, with a volume of 62145 shares changing hands. The stock had previously closed at $188.86.

iShares MSCI World ETF Trading Up 0.6%

The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 22.04 and a beta of 0.97. The firm has a 50-day moving average of $185.99 and a 200-day moving average of $180.92.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Amundi acquired a new stake in shares of iShares MSCI World ETF during the third quarter worth about $147,843,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in iShares MSCI World ETF by 13.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 539,306 shares of the company’s stock worth $97,916,000 after buying an additional 65,663 shares during the last quarter. Bank of America Corp DE lifted its stake in iShares MSCI World ETF by 77.4% during the 3rd quarter. Bank of America Corp DE now owns 359,565 shares of the company’s stock valued at $65,283,000 after acquiring an additional 156,891 shares during the period. Barings LLC lifted its stake in iShares MSCI World ETF by 14.0% during the 2nd quarter. Barings LLC now owns 358,101 shares of the company’s stock valued at $60,655,000 after acquiring an additional 43,856 shares during the period. Finally, Obermeyer Wealth Partners boosted its holdings in shares of iShares MSCI World ETF by 2.9% in the 3rd quarter. Obermeyer Wealth Partners now owns 351,532 shares of the company’s stock valued at $63,824,000 after acquiring an additional 9,834 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.