iShares MSCI World ETF (NYSEARCA:URTH) Hits New 1-Year High – What’s Next?

Shares of iShares MSCI World ETF (NYSEARCA:URTH) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $161.44 and last traded at $161.12, with a volume of 52043 shares. The stock had previously closed at $161.14.

iShares MSCI World ETF Stock Performance

The stock has a fifty day simple moving average of $157.33 and a 200-day simple moving average of $151.88. The stock has a market cap of $3.81 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 large investors have recently added to or reduced their stakes in the company. Barings LLC grew its holdings in shares of iShares MSCI World ETF by 8.9% in the 2nd quarter. Barings LLC now owns 293,582 shares of the company’s stock valued at $43,300,000 after acquiring an additional 23,929 shares in the last quarter. Evensky & Katz LLC grew its holdings in shares of iShares MSCI World ETF by 1.1% in the 3rd quarter. Evensky & Katz LLC now owns 281,756 shares of the company’s stock valued at $44,210,000 after acquiring an additional 2,931 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of iShares MSCI World ETF by 135.7% in the 2nd 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. Banco Santander S.A. grew its holdings in shares of iShares MSCI World ETF by 27.4% in the 3rd quarter. Banco Santander S.A. now owns 168,842 shares of the company’s stock valued at $26,493,000 after acquiring an additional 36,300 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew 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 valued at $22,949,000 after acquiring 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.