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

Shares of iShares MSCI World ETF (NYSEARCA:URTH) saw strong trading volume on Thursday . 354,983 shares were traded during 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 Price Performance

The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 21.13 and a beta of 0.96. The firm has a 50 day moving average price of $158.62 and a 200-day moving average price of $154.02.

Institutional Investors Weigh In On iShares MSCI World ETF

Hedge funds have recently bought and sold shares of the business. Barings LLC lifted its stake 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 purchasing an additional 23,929 shares during the last quarter. Evensky & Katz LLC lifted its position in iShares MSCI World ETF by 1.1% in the third quarter. Evensky & Katz LLC now owns 281,756 shares of the company’s stock worth $44,210,000 after buying an additional 2,931 shares during the last quarter. Bank of Montreal Can boosted its stake in 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 worth $26,334,000 after buying an additional 102,495 shares during the period. Banco Santander S.A. raised its stake in shares of iShares MSCI World ETF by 27.4% in the third 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 during the period. 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 acquiring an additional 51,370 shares during 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.