iShares MSCI World ETF (NYSEARCA:URTH) Hits New 52-Week High – Should You Buy?

iShares MSCI World ETF (NYSEARCA:URTH) shares reached a new 52-week high on Friday . The stock traded as high as $203.34 and last traded at $203.15, with a volume of 151174 shares traded. The stock had previously closed at $202.07.

iShares MSCI World ETF Price Performance

The firm has a market capitalization of $8.65 billion, a P/E ratio of 22.04 and a beta of 0.95. The company’s 50-day simple moving average is $190.18 and its two-hundred day simple moving average is $188.15.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in iShares MSCI World ETF by 2.0% in the first quarter. NewEdge Advisors LLC now owns 28,407 shares of the company’s stock worth $5,114,000 after acquiring an additional 554 shares during the period. Guardian Partners Inc. bought a new position in iShares MSCI World ETF in the first quarter worth approximately $53,000. Royal Bank of Canada raised its position in 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 worth $388,181,000 after acquiring an additional 128,687 shares during the period. Evelyn Partners Investment Management Europe Ltd raised its position in shares of iShares MSCI World ETF by 0.8% during the 1st quarter. Evelyn Partners Investment Management Europe Ltd now owns 104,945 shares of the company’s stock valued at $18,892,000 after purchasing an additional 797 shares during the period. Finally, Evelyn Partners Investment Management LLP raised its position in shares of iShares MSCI World ETF by 14.5% during the 1st quarter. Evelyn Partners Investment Management LLP now owns 11,534 shares of the company’s stock valued at $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.