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

Shares of iShares MSCI World ETF (NYSEARCA:URTH) hit a new 52-week high during trading on Thursday . The company traded as high as $158.88 and last traded at $158.88, with a volume of 202 shares trading hands. The stock had previously closed at $158.36.

iShares MSCI World ETF Stock Down 0.0 %

The stock has a 50 day simple moving average of $155.24 and a 200 day simple moving average of $149.99. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 21.13 and a beta of 0.96.

Hedge Funds Weigh In On iShares MSCI World ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares MSCI World ETF during the third quarter worth approximately $1,008,000. Claro Advisors LLC acquired a new position in shares of iShares MSCI World ETF during the third quarter worth approximately $221,000. Archer Investment Corp boosted its position in shares of iShares MSCI World ETF by 97.1% during the third 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. Signature Estate & Investment Advisors LLC acquired a new stake in iShares MSCI World ETF in the third quarter worth approximately $204,000. Finally, Arjuna Capital acquired a new stake in iShares MSCI World ETF in the third quarter worth approximately $928,000.

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.