iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Stock Price Cross Below Fifty Day Moving Average – Here’s What Happened

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) shares passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $90.09 and traded as low as $89.47. iShares Core MSCI International Developed Markets ETF shares last traded at $89.58, with a volume of 4,182,071 shares.

iShares Core MSCI International Developed Markets ETF Stock Down 0.6%

The stock’s fifty day simple moving average is $90.09 and its 200-day simple moving average is $89.07. The company has a market capitalization of $34.08 billion, a PE ratio of 16.62 and a beta of 0.81.

Hedge Funds Weigh In On iShares Core MSCI International Developed Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of IDEV. Bessemer Group Inc. grew its holdings in iShares Core MSCI International Developed Markets ETF by 25.9% in the 1st quarter. Bessemer Group Inc. now owns 2,760,114 shares of the company’s stock valued at $230,662,000 after buying an additional 568,237 shares during the period. First Command Advisory Services Inc. grew its position in iShares Core MSCI International Developed Markets ETF by 14.9% during the third quarter. First Command Advisory Services Inc. now owns 2,146,036 shares of the company’s stock valued at $192,027,000 after acquiring an additional 278,605 shares during the period. Rock Creek Group LLC acquired a new stake in iShares Core MSCI International Developed Markets ETF during the third quarter worth about $51,489,000. Arrow Financial Corp increased its stake in iShares Core MSCI International Developed Markets ETF by 0.9% during the third quarter. Arrow Financial Corp now owns 572,476 shares of the company’s stock worth $51,225,000 after acquiring an additional 4,986 shares during the last quarter. Finally, ESL Trust Services LLC acquired a new stake in iShares Core MSCI International Developed Markets ETF during the first quarter worth about $47,196,000.

About iShares Core MSCI International Developed Markets ETF

The iShares Core MSCI International Developed Markets ETF (IDEV) is an exchange-traded fund that is based on the MSCI World ex USA IMI index, a market-cap-weighted index of large-, mid, and small-cap stocks from developed countries, excluding the US. IDEV was launched on Mar 21, 2017 and is managed by BlackRock.