Raymond James Financial Inc. Makes New $18.72 Million Investment in iShares MSCI World ETF (NYSEARCA:URTH)

Raymond James Financial Inc. bought a new stake in iShares MSCI World ETF (NYSEARCA:URTH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 120,352 shares of the company’s stock, valued at approximately $18,715,000. Raymond James Financial Inc. owned approximately 0.51% of iShares MSCI World ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of URTH. Principal Financial Group Inc. raised its stake in shares of 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 purchasing an additional 256,230 shares in the last quarter. Arizona PSPRS Trust bought a new stake in shares of iShares MSCI World ETF in the 3rd quarter valued at about $19,932,000. Empire Life Investments Inc. raised its position in shares of iShares MSCI World ETF by 39.0% during the fourth quarter. Empire Life Investments Inc. now owns 148,300 shares of the company’s stock worth $23,061,000 after purchasing an additional 41,600 shares during the period. Avestar Capital LLC bought a new stake in shares of iShares MSCI World ETF during the fourth quarter worth $5,679,000. Finally, Banco Santander S.A. lifted its stake in iShares MSCI World ETF by 27.4% in the 3rd quarter. Banco Santander S.A. now owns 168,842 shares of the company’s stock valued at $26,493,000 after acquiring an additional 36,300 shares in the last quarter.

iShares MSCI World ETF Price Performance

NYSEARCA:URTH opened at $155.87 on Tuesday. The company has a market cap of $4.32 billion, a P/E ratio of 21.98 and a beta of 0.98. The firm’s fifty day moving average price is $159.08 and its two-hundred day moving average price is $157.70. iShares MSCI World ETF has a one year low of $136.93 and a one year high of $164.21.

iShares MSCI World ETF 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.