iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Reaches New 1-Year High – Still a Buy?

Shares of iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) reached a new 52-week high on Wednesday . The company traded as high as $87.85 and last traded at $87.69, with a volume of 2004016 shares trading hands. The stock had previously closed at $86.39.

iShares Core MSCI International Developed Markets ETF Stock Performance

The company has a market cap of $26.18 billion, a P/E ratio of 16.62 and a beta of 0.85. The firm’s fifty day moving average is $82.99 and its two-hundred day moving average is $80.45.

Institutional Investors Weigh In On iShares Core MSCI International Developed Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of IDEV. Amarillo National Bank lifted its position in shares of iShares Core MSCI International Developed Markets ETF by 1.3% in the third quarter. Amarillo National Bank now owns 633,666 shares of the company’s stock worth $50,801,000 after buying an additional 8,173 shares in the last quarter. Fortitude Family Office LLC grew its holdings in iShares Core MSCI International Developed Markets ETF by 9.1% during the 3rd quarter. Fortitude Family Office LLC now owns 234,864 shares of the company’s stock valued at $18,829,000 after buying an additional 19,555 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in iShares Core MSCI International Developed Markets ETF in the 2nd quarter worth approximately $42,537,000. City State Bank raised its holdings in shares of iShares Core MSCI International Developed Markets ETF by 10.3% during the 2nd quarter. City State Bank now owns 5,377 shares of the company’s stock worth $409,000 after acquiring an additional 500 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new position in shares of iShares Core MSCI International Developed Markets ETF during the 2nd quarter valued at approximately $211,000.

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.