Modern Wealth Management LLC Makes New $611,000 Investment in iShares MSCI World ETF $URTH

Modern Wealth Management LLC purchased a new stake in shares of iShares MSCI World ETF (NYSEARCA:URTH) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,359 shares of the company’s stock, valued at approximately $611,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of iShares MSCI World ETF by 17.5% during the 4th quarter. Royal Bank of Canada now owns 2,027,632 shares of the company’s stock worth $376,672,000 after buying an additional 301,540 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in iShares MSCI World ETF by 2,255.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,001,044 shares of the company’s stock worth $185,964,000 after acquiring an additional 958,545 shares during the period. Amundi bought a new position in iShares MSCI World ETF in the 3rd quarter worth $147,843,000. CI Investments Inc. lifted its position in iShares MSCI World ETF by 255.4% during the 4th 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 last quarter. Finally, Bank of America Corp DE lifted its position in iShares MSCI World ETF by 77.4% during the 3rd quarter. Bank of America Corp DE now owns 359,565 shares of the company’s stock worth $65,283,000 after acquiring an additional 156,891 shares during the last quarter.

iShares MSCI World ETF Price Performance

URTH stock opened at $201.26 on Tuesday. iShares MSCI World ETF has a 52-week low of $168.23 and a 52-week high of $206.33. The company has a 50-day moving average of $202.35 and a two-hundred day moving average of $193.98. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 22.04 and a beta of 0.95.

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.