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

iShares MSCI World ETF (NYSEARCA:URTHGet Free Report) shares saw strong trading volume on Thursday . 354,983 shares were traded during mid-day 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 Trading Down 0.6 %

The firm has a market cap of $3.65 billion, a P/E ratio of 21.13 and a beta of 0.96. The company’s 50-day moving average is $158.63 and its two-hundred day moving average is $153.95.

Institutional Investors Weigh In On iShares MSCI World ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of iShares MSCI World ETF by 146.9% in the 3rd quarter. Principal Financial Group Inc. now owns 109,597 shares of the company’s stock worth $17,197,000 after purchasing an additional 65,207 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of iShares MSCI World ETF during the 3rd quarter worth $752,000. Sanctuary Advisors LLC boosted its position in iShares MSCI World ETF by 73.5% during the third quarter. Sanctuary Advisors LLC now owns 6,221 shares of the company’s stock worth $991,000 after purchasing an additional 2,635 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of iShares MSCI World ETF by 4.1% in the third quarter. Rehmann Capital Advisory Group now owns 2,378 shares of the company’s stock worth $373,000 after purchasing an additional 93 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of iShares MSCI World ETF by 125.3% in the third quarter. TD Private Client Wealth LLC now owns 8,000 shares of the company’s stock valued at $1,255,000 after purchasing an additional 4,449 shares during the period.

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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