iShares MSCI World ETF (NYSEARCA:URTH) Sees Large Volume Increase – What’s Next?

Shares of iShares MSCI World ETF (NYSEARCA:URTH) saw an uptick in trading volume on Friday . 252,403 shares changed hands during trading, an increase of 1% from the previous session’s volume of 250,574 shares.The stock last traded at $154.11 and had previously closed at $155.33.

iShares MSCI World ETF Price Performance

The company has a market capitalization of $4.29 billion, a P/E ratio of 21.98 and a beta of 0.98. The business has a 50-day moving average of $159.01 and a 200-day moving average of $157.67.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of URTH. Bank of America Corp DE lifted its holdings in iShares MSCI World ETF by 258.3% in the fourth quarter. Bank of America Corp DE now owns 742,267 shares of the company’s stock valued at $115,423,000 after acquiring an additional 535,132 shares during the period. Principal Financial Group Inc. lifted its holdings in iShares MSCI World ETF by 233.8% in the fourth quarter. Principal Financial Group Inc. now owns 365,827 shares of the company’s stock valued at $56,886,000 after acquiring an additional 256,230 shares during the period. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI World ETF by 219.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 279,894 shares of the company’s stock valued at $43,523,000 after acquiring an additional 192,199 shares during the period. Arizona PSPRS Trust acquired a new position in iShares MSCI World ETF in the third quarter valued at approximately $19,932,000. Finally, Raymond James Financial Inc. acquired a new position in iShares MSCI World ETF in the fourth quarter valued at approximately $18,715,000.

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.