iShares MSCI World ETF (NYSEARCA:URTH) Hits New 52-Week High – Should You Buy?

iShares MSCI World ETF (NYSEARCA:URTH)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $188.00 and last traded at $187.7180, with a volume of 9915 shares trading hands. The stock had previously closed at $187.72.

iShares MSCI World ETF Stock Up 0.0%

The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 22.04 and a beta of 0.97. The stock’s 50-day simple moving average is $184.45 and its two-hundred day simple moving average is $177.89.

Hedge Funds Weigh In On iShares MSCI World ETF

A number of hedge funds have recently made changes to their positions in URTH. DRW Securities LLC purchased a new position in iShares MSCI World ETF in the 1st quarter valued at $4,762,000. Royal Bank of Canada raised its position in shares of iShares MSCI World ETF by 8.2% in the first quarter. Royal Bank of Canada now owns 1,458,304 shares of the company’s stock valued at $223,383,000 after buying an additional 110,083 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in shares of iShares MSCI World ETF by 416.1% in the first quarter. Federation des caisses Desjardins du Quebec now owns 7,612 shares of the company’s stock valued at $1,166,000 after buying an additional 6,137 shares during the last quarter. Banque Transatlantique SA purchased a new position in shares of iShares MSCI World ETF in the first quarter worth about $305,000. Finally, KDT Advisors LLC acquired a new position in iShares MSCI World ETF during the first quarter worth about $475,000.

iShares MSCI World ETF Company 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.