iShares MSCI World ETF (NYSEARCA:URTH) Reaches New 52-Week High – Still a Buy?

iShares MSCI World ETF (NYSEARCA:URTH)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $163.33 and last traded at $163.30, with a volume of 136378 shares. The stock had previously closed at $161.83.

iShares MSCI World ETF Stock Performance

The business has a 50-day moving average of $159.08 and a 200-day moving average of $156.05. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 21.13 and a beta of 0.96.

Institutional Trading of iShares MSCI World ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in shares of iShares MSCI World ETF during the third quarter worth about $27,000. Archer Investment Corp increased its stake in iShares MSCI World ETF by 97.1% during the 3rd quarter. Archer Investment Corp now owns 203 shares of the company’s stock worth $32,000 after buying an additional 100 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in iShares MSCI World ETF during the 4th quarter worth approximately $37,000. Activest Wealth Management acquired a new stake in iShares MSCI World ETF during the 3rd quarter worth approximately $44,000. Finally, US Bancorp DE purchased a new position in iShares MSCI World ETF in the 4th quarter valued at approximately $45,000.

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.