Principal Financial Group Inc. Increases Stake in iShares MSCI World ETF (NYSEARCA:URTH)

Principal Financial Group Inc. raised its stake in shares of iShares MSCI World ETF (NYSEARCA:URTH) by 233.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 365,827 shares of the company’s stock after acquiring an additional 256,230 shares during the period. Principal Financial Group Inc.’s holdings in iShares MSCI World ETF were worth $56,886,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in shares of iShares MSCI World ETF during the 3rd quarter valued at approximately $27,000. Archer Investment Corp lifted its position in iShares MSCI World ETF by 97.1% in the third quarter. Archer Investment Corp now owns 203 shares of the company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Activest Wealth Management bought a new stake in iShares MSCI World ETF in the third quarter worth $44,000. Glass Jacobson Investment Advisors llc lifted its position in iShares MSCI World ETF by 24.8% in the third quarter. Glass Jacobson Investment Advisors llc now owns 408 shares of the company’s stock worth $64,000 after buying an additional 81 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in iShares MSCI World ETF by 22.1% in the fourth quarter. Principal Securities Inc. now owns 414 shares of the company’s stock worth $64,000 after buying an additional 75 shares during the last quarter.

iShares MSCI World ETF Trading Down 0.2 %

NYSEARCA:URTH opened at $163.71 on Friday. iShares MSCI World ETF has a twelve month low of $136.83 and a twelve month high of $164.21. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 21.13 and a beta of 0.96. The stock has a fifty day simple moving average of $159.25 and a 200-day simple moving average of $156.61.

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.