iShares MSCI World ETF (NYSEARCA:URTH) Reaches New 1-Year High – Here’s Why

iShares MSCI World ETF (NYSEARCA:URTH) hit a new 52-week high on Monday . The company traded as high as $210.75 and last traded at $210.46, with a volume of 453193 shares traded. The stock had previously closed at $210.47.

iShares MSCI World ETF Price Performance

The stock has a 50-day moving average price of $203.03 and a 200-day moving average price of $195.35. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 22.04 and a beta of 0.95.

Hedge Funds Weigh In On iShares MSCI World ETF

Several large investors have recently modified their holdings of URTH. Assetmark Inc. acquired a new position in iShares MSCI World ETF in the 1st quarter valued at about $33,000. Tiff Advisory Services LLC bought a new position in shares of iShares MSCI World ETF during the fourth quarter worth approximately $37,000. Comerica Bank lifted its holdings in iShares MSCI World ETF by 51.1% during the 3rd quarter. Comerica Bank now owns 281 shares of the company’s stock worth $51,000 after purchasing an additional 95 shares during the last quarter. Guardian Partners Inc. bought a new stake in iShares MSCI World ETF in the 1st quarter valued at $53,000. Finally, Fifth Third Bancorp acquired a new position in iShares MSCI World ETF in the 1st quarter valued at $57,000.

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.