Modern Wealth Management LLC Takes Position in iShares MSCI World ETF $URTH

Modern Wealth Management LLC acquired a new position in iShares MSCI World ETF (NYSEARCA:URTH) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 3,359 shares of the company’s stock, valued at approximately $611,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlTi Global Inc. raised its stake in iShares MSCI World ETF by 1.0% during the 4th quarter. AlTi Global Inc. now owns 6,131 shares of the company’s stock valued at $1,139,000 after purchasing an additional 59 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in iShares MSCI World ETF by 2.9% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,910 shares of the company’s stock worth $567,000 after purchasing an additional 82 shares during the last quarter. Comerica Bank grew its position in iShares MSCI World ETF by 51.1% in 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. LFA Lugano Financial Advisors SA increased its holdings in shares of iShares MSCI World ETF by 20.7% during the 1st quarter. LFA Lugano Financial Advisors SA now owns 723 shares of the company’s stock worth $130,000 after purchasing an additional 124 shares during the period. Finally, Fifth Third Securities Inc. increased its holdings in shares of iShares MSCI World ETF by 1.0% during the 4th quarter. Fifth Third Securities Inc. now owns 15,522 shares of the company’s stock worth $2,884,000 after purchasing an additional 156 shares during the period.

iShares MSCI World ETF Stock Performance

Shares of URTH opened at $201.26 on Tuesday. The company has a 50-day simple moving average of $202.35 and a 200-day simple moving average of $193.98. The firm has a market capitalization of $7.93 billion, a P/E ratio of 22.04 and a beta of 0.95. iShares MSCI World ETF has a 52 week low of $168.23 and a 52 week high of $206.33.

iShares MSCI World ETF Profile

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.