Bank of America Corp DE Lowers Stake in iShares MSCI World ETF $URTH

Bank of America Corp DE reduced its position in iShares MSCI World ETF (NYSEARCA:URTH) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 562,429 shares of the company’s stock after selling 4,560 shares during the quarter. Bank of America Corp DE’s holdings in iShares MSCI World ETF were worth $101,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of URTH. Royal Bank of Canada boosted its holdings in iShares MSCI World ETF by 6.3% in the 1st quarter. Royal Bank of Canada now owns 2,156,319 shares of the company’s stock worth $388,181,000 after buying an additional 128,687 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares MSCI World ETF by 2,255.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,001,044 shares of the company’s stock valued at $185,964,000 after acquiring an additional 958,545 shares in the last quarter. Amundi purchased a new position in shares of iShares MSCI World ETF in the third quarter valued at about $147,843,000. CI Investments Inc. boosted its stake in shares of iShares MSCI World ETF by 255.4% in the fourth quarter. CI Investments Inc. now owns 391,402 shares of the company’s stock worth $72,711,000 after acquiring an additional 281,273 shares during the period. Finally, Obermeyer Wealth Partners boosted its stake in shares of iShares MSCI World ETF by 0.4% in the fourth quarter. Obermeyer Wealth Partners now owns 353,023 shares of the company’s stock worth $65,581,000 after acquiring an additional 1,491 shares during the period.

iShares MSCI World ETF Trading Up 0.9%

NYSEARCA:URTH opened at $210.47 on Friday. The stock has a 50-day moving average price of $202.86 and a 200 day moving average price of $194.99. The stock has a market capitalization of $8.27 billion, a P/E ratio of 22.04 and a beta of 0.95. iShares MSCI World ETF has a 12-month low of $172.90 and a 12-month high of $210.66.

iShares MSCI World ETF 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.