iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Hits New 1-Year High – Here’s Why

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) shares hit a new 52-week high during trading on Thursday . The company traded as high as $91.07 and last traded at $91.07, with a volume of 552973 shares changing hands. The stock had previously closed at $88.89.

iShares Core MSCI International Developed Markets ETF Stock Performance

The stock has a market capitalization of $31.84 billion, a P/E ratio of 16.62 and a beta of 0.79. The company’s fifty day simple moving average is $89.35 and its two-hundred day simple moving average is $87.75.

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

Several institutional investors and hedge funds have recently made changes to their positions in IDEV. Ameriprise Financial Inc. lifted its holdings in iShares Core MSCI International Developed Markets ETF by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,852,208 shares of the company’s stock worth $521,039,000 after purchasing an additional 1,716,886 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares Core MSCI International Developed Markets ETF by 16.4% during the 4th 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 iShares Core MSCI International Developed Markets ETF by 25.9% during the 1st quarter. Bessemer Group Inc. now owns 2,760,114 shares of the company’s stock worth $230,662,000 after buying an additional 568,237 shares during the period. First Command Advisory Services Inc. lifted its holdings in shares of iShares Core MSCI International Developed Markets ETF by 21.4% during the fourth quarter. First Command Advisory Services Inc. now owns 1,630,797 shares of the company’s stock worth $134,508,000 after buying an additional 287,340 shares in the last quarter. Finally, Main Management ETF Advisors LLC lifted its holdings in shares of iShares Core MSCI International Developed Markets ETF by 11.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 809,383 shares of the company’s stock worth $66,758,000 after buying an additional 80,383 shares in the last quarter.

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.