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

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $93.86 and last traded at $93.83, with a volume of 755578 shares changing hands. The stock had previously closed at $93.13.

iShares Core MSCI International Developed Markets ETF Stock Down 0.1%

The firm has a market cap of $32.60 billion, a price-to-earnings ratio of 16.62 and a beta of 0.79. The business has a 50 day moving average of $90.54 and a 200 day moving average of $88.69.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new stake in shares of iShares Core MSCI International Developed Markets ETF during the 1st quarter worth $1,025,000. Ameriprise Financial Inc. grew its stake in iShares Core MSCI International Developed Markets ETF by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 6,852,208 shares of the company’s stock worth $521,039,000 after buying an additional 1,716,886 shares during the period. BNP Paribas Financial Markets acquired a new stake in iShares Core MSCI International Developed Markets ETF in the 2nd quarter valued at $3,566,000. Russell Investments Group Ltd. acquired a new stake in shares of iShares Core MSCI International Developed Markets ETF in the third quarter valued at about $142,000. Finally, Brown Brothers Harriman & Co. grew its position in iShares Core MSCI International Developed Markets ETF by 11,466.7% in the third quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $28,000 after acquiring an additional 344 shares in the last quarter.

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.