iShares MSCI World ETF (NYSEARCA:URTH) Sees Strong Trading Volume – Still a Buy?

iShares MSCI World ETF (NYSEARCA:URTH) shares saw unusually-strong trading volume on Wednesday . Approximately 684,599 shares were traded during trading, an increase of 207% from the previous session’s volume of 222,898 shares.The stock last traded at $156.54 and had previously closed at $157.46.

iShares MSCI World ETF Stock Down 0.9 %

The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 21.13 and a beta of 0.96. The firm has a fifty day moving average of $154.11 and a 200-day moving average of $148.65.

Hedge Funds Weigh In On iShares MSCI World ETF

Institutional investors have recently made changes to their positions in the stock. Webster Bank N. A. acquired a new position in shares of iShares MSCI World ETF in the first quarter valued at approximately $43,000. Fifth Third Securities Inc. raised its holdings in iShares MSCI World ETF by 191.8% in the 1st quarter. Fifth Third Securities Inc. now owns 24,892 shares of the company’s stock valued at $3,607,000 after acquiring an additional 16,362 shares during the last quarter. Naviter Wealth LLC acquired a new position in iShares MSCI World ETF in the 1st quarter valued at $1,963,000. Principal Financial Group Inc. lifted its stake in shares of iShares MSCI World ETF by 86.8% during the 1st quarter. Principal Financial Group Inc. now owns 151,737 shares of the company’s stock worth $21,988,000 after purchasing an additional 70,524 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of iShares MSCI World ETF by 1.8% during the first quarter. Commonwealth Equity Services LLC now owns 32,771 shares of the company’s stock worth $4,749,000 after purchasing an additional 589 shares during the last quarter.

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.