iShares MSCI World ETF (NYSEARCA:URTH) Sets New 1-Year High – What’s Next?

Shares of iShares MSCI World ETF (NYSEARCA:URTH) hit a new 52-week high during trading on Wednesday . The stock traded as high as $164.21 and last traded at $164.09, with a volume of 417866 shares changing hands. The stock had previously closed at $163.56.

iShares MSCI World ETF Stock Down 0.2 %

The company has a market capitalization of $3.86 billion, a P/E ratio of 21.13 and a beta of 0.96. The business’s 50-day moving average is $159.25 and its two-hundred day moving average is $156.61.

Hedge Funds Weigh In On iShares MSCI World ETF

Hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of iShares MSCI World ETF during the third quarter valued at approximately $27,000. Archer Investment Corp grew its stake in iShares MSCI World ETF by 97.1% in the 3rd quarter. Archer Investment Corp now owns 203 shares of the company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of iShares MSCI World ETF during the 4th quarter valued at $37,000. Aptus Capital Advisors LLC bought a new stake in shares of iShares MSCI World ETF during the 4th quarter worth $43,000. Finally, Activest Wealth Management purchased a new position in shares of iShares MSCI World ETF in the 3rd quarter worth about $44,000.

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.