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

iShares MSCI World ETF (NYSEARCA:URTH) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $207.01 and last traded at $207.00, with a volume of 25119 shares trading hands. The stock had previously closed at $205.85.

iShares MSCI World ETF Stock Up 0.9%

The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 22.04 and a beta of 0.95. The stock has a 50 day moving average of $202.46 and a 200 day moving average of $194.46.

Hedge Funds Weigh In On iShares MSCI World ETF

Several institutional investors have recently made changes to their positions in the stock. Asset Advisory Group Inc. increased its stake in shares of iShares MSCI World ETF by 0.4% in the second quarter. Asset Advisory Group Inc. now owns 13,435 shares of the company’s stock worth $2,723,000 after purchasing an additional 55 shares in the last quarter. AlTi Global Inc. lifted its stake in shares of iShares MSCI World ETF by 1.0% during the 4th quarter. AlTi Global Inc. now owns 6,131 shares of the company’s stock valued at $1,139,000 after buying an additional 59 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in iShares MSCI World ETF by 2.9% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,910 shares of the company’s stock worth $567,000 after buying an additional 82 shares during the period. Comerica Bank boosted its holdings in iShares MSCI World ETF by 51.1% in the 3rd quarter. Comerica Bank now owns 281 shares of the company’s stock worth $51,000 after buying an additional 95 shares during the period. Finally, LFA Lugano Financial Advisors SA increased its stake in iShares MSCI World ETF by 20.7% in the 1st quarter. LFA Lugano Financial Advisors SA now owns 723 shares of the company’s stock worth $130,000 after buying an additional 124 shares in 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.