iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Hits New 52-Week High – Should You Buy?

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $93.60 and last traded at $93.44, with a volume of 33819 shares trading hands. The stock had previously closed at $92.97.

iShares Core MSCI International Developed Markets ETF Price Performance

The company has a market capitalization of $32.68 billion, a price-to-earnings ratio of 16.62 and a beta of 0.79. The firm has a fifty day simple moving average of $89.69 and a 200 day simple moving average of $88.19.

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

A number of large investors have recently added to or reduced their stakes in IDEV. Ameriprise Financial Inc. raised its holdings in iShares Core MSCI International Developed Markets ETF by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,852,208 shares of the company’s stock valued at $521,039,000 after buying an additional 1,716,886 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares Core MSCI International Developed Markets ETF by 16.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,432,860 shares of the company’s stock worth $365,623,000 after buying an additional 625,042 shares during the period. Bessemer Group Inc. increased its position in shares of iShares Core MSCI International Developed Markets ETF by 25.9% during the first quarter. Bessemer Group Inc. now owns 2,760,114 shares of the company’s stock valued at $230,662,000 after acquiring an additional 568,237 shares during the last quarter. ESL Trust Services LLC acquired a new stake in shares of iShares Core MSCI International Developed Markets ETF during the first quarter valued at about $47,196,000. Finally, First Command Advisory Services Inc. raised its stake in shares of iShares Core MSCI International Developed Markets ETF by 21.4% in the 4th quarter. First Command Advisory Services Inc. now owns 1,630,797 shares of the company’s stock valued at $134,508,000 after acquiring an additional 287,340 shares during the period.

iShares Core MSCI International Developed Markets ETF Company Profile

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.