iShares MSCI World ETF (NYSEARCA:URTH) Reaches New 1-Year High – Should You Buy?

iShares MSCI World ETF (NYSEARCA:URTH) hit a new 52-week high 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 Performance

The company has a market capitalization of $8.22 billion, a P/E ratio of 22.04 and a beta of 0.95. The business has a 50 day moving average of $202.67 and a 200-day moving average of $194.74.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Asset Advisory Group Inc. grew its position in shares of iShares MSCI World ETF by 0.4% in the 2nd quarter. Asset Advisory Group Inc. now owns 13,435 shares of the company’s stock worth $2,723,000 after buying an additional 55 shares during the last quarter. AlTi Global Inc. raised its holdings in shares of iShares MSCI World ETF by 1.0% during the fourth quarter. AlTi Global Inc. now owns 6,131 shares of the company’s stock valued at $1,139,000 after acquiring an additional 59 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of iShares MSCI World ETF by 2.9% during the first quarter. Chicago Partners Investment Group LLC now owns 2,910 shares of the company’s stock valued at $567,000 after acquiring an additional 82 shares in the last quarter. Comerica Bank lifted its stake in iShares MSCI World ETF by 51.1% in the third quarter. Comerica Bank now owns 281 shares of the company’s stock worth $51,000 after acquiring an additional 95 shares during the period. Finally, LFA Lugano Financial Advisors SA lifted its stake in iShares MSCI World ETF by 20.7% in the first quarter. LFA Lugano Financial Advisors SA now owns 723 shares of the company’s stock worth $130,000 after acquiring an additional 124 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.