iShares MSCI World ETF (NYSEARCA:URTH) Sets New 12-Month High – Still a Buy?

Shares of iShares MSCI World ETF (NYSEARCA:URTHGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $189.78 and last traded at $189.7910, with a volume of 160304 shares. The stock had previously closed at $189.53.

iShares MSCI World ETF Price Performance

The stock’s 50-day moving average is $185.06 and its two-hundred day moving average is $179.58. The company has a market cap of $6.90 billion, a P/E ratio of 22.04 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI World ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Compagnie Lombard Odier SCmA grew its holdings in shares of iShares MSCI World ETF by 10.5% in the second quarter. Compagnie Lombard Odier SCmA now owns 48,329 shares of the company’s stock worth $8,186,000 after acquiring an additional 4,609 shares during the period. Fifth Third Securities Inc. boosted its position in iShares MSCI World ETF by 8.3% in the second quarter. Fifth Third Securities Inc. now owns 11,651 shares of the company’s stock worth $1,973,000 after purchasing an additional 893 shares during the last quarter. BFI Infinity Ltd. purchased a new position in iShares MSCI World ETF in the second quarter worth about $348,000. Union Bancaire Privee UBP SA grew its stake in shares of iShares MSCI World ETF by 823.6% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 7,851 shares of the company’s stock valued at $1,330,000 after purchasing an additional 7,001 shares during the period. Finally, J. Safra Sarasin Holding AG purchased a new stake in shares of iShares MSCI World ETF during the 2nd quarter valued at about $2,688,000.

iShares MSCI World ETF Company Profile

(Get Free Report)

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.

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