iShares MSCI World ETF (NYSEARCA:URTH) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares MSCI World ETF (NYSEARCA:URTH) saw an uptick in trading volume on Wednesday . 654,315 shares traded hands during mid-day trading, an increase of 26% from the previous session’s volume of 517,545 shares.The stock last traded at $181.48 and had previously closed at $180.02.

iShares MSCI World ETF Price Performance

The business has a 50 day moving average of $186.63 and a 200 day moving average of $185.12. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 22.04 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI World ETF

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares MSCI World ETF by 2,255.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,001,044 shares of the company’s stock valued at $185,964,000 after acquiring an additional 958,545 shares during the last quarter. Amundi bought a new position in iShares MSCI World ETF during the 3rd quarter worth approximately $147,843,000. Royal Bank of Canada boosted its stake in iShares MSCI World ETF by 17.5% during the 4th quarter. Royal Bank of Canada now owns 2,027,632 shares of the company’s stock worth $376,672,000 after acquiring an additional 301,540 shares during the last quarter. CI Investments Inc. grew its holdings in iShares MSCI World ETF by 255.4% during the fourth quarter. CI Investments Inc. now owns 391,402 shares of the company’s stock valued at $72,711,000 after purchasing an additional 281,273 shares during the period. Finally, Sava Penzisko Drushtvo A.D. Skopje acquired a new position in iShares MSCI World ETF during the third quarter valued at approximately $36,766,000.

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.