iShares MSCI World ETF (NYSEARCA:URTH) Sees Large Volume Increase – Should You Buy?

iShares MSCI World ETF (NYSEARCA:URTH) shares saw strong trading volume on Thursday . 354,983 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 232,664 shares.The stock last traded at $155.92 and had previously closed at $155.50.

iShares MSCI World ETF Stock Down 0.6 %

The stock’s 50-day simple moving average is $158.63 and its 200 day simple moving average is $153.95. The firm has a market cap of $3.65 billion, a P/E ratio of 21.13 and a beta of 0.96.

Hedge Funds Weigh In On iShares MSCI World ETF

A number of institutional investors and hedge funds have recently modified their holdings of URTH. Arizona PSPRS Trust bought a new position in iShares MSCI World ETF during the third quarter worth $19,932,000. Claro Advisors LLC bought a new position in iShares MSCI World ETF in the third quarter worth approximately $16,815,000. Bank of Montreal Can increased its holdings in shares of iShares MSCI World ETF by 135.7% during the second quarter. Bank of Montreal Can now owns 178,003 shares of the company’s stock valued at $26,334,000 after acquiring an additional 102,495 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of iShares MSCI World ETF by 146.9% during the third quarter. Principal Financial Group Inc. now owns 109,597 shares of the company’s stock valued at $17,197,000 after acquiring an additional 65,207 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of iShares MSCI World ETF by 54.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 146,524 shares of the company’s stock worth $22,949,000 after purchasing an additional 51,370 shares in the last quarter.

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.