iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Reaches New 52-Week High – Time to Buy?

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $81.89 and last traded at $81.69, with a volume of 909711 shares. The stock had previously closed at $81.54.

iShares Core MSCI International Developed Markets ETF Stock Performance

The company’s 50 day moving average price is $78.60 and its 200-day moving average price is $74.83. The stock has a market cap of $23.00 billion, a P/E ratio of 16.62 and a beta of 0.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in iShares Core MSCI International Developed Markets ETF by 3,243.9% in the first quarter. Ameriprise Financial Inc. now owns 5,135,322 shares of the company’s stock valued at $349,472,000 after purchasing an additional 4,981,747 shares in the last quarter. Horizon Investments LLC increased its position in shares of iShares Core MSCI International Developed Markets ETF by 169.6% in the first quarter. Horizon Investments LLC now owns 3,648,012 shares of the company’s stock valued at $251,312,000 after acquiring an additional 2,295,068 shares during the period. Bank of New York Mellon Corp lifted its holdings in iShares Core MSCI International Developed Markets ETF by 343.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,265,854 shares of the company’s stock worth $87,205,000 after buying an additional 980,173 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares Core MSCI International Developed Markets ETF by 19.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,856,982 shares of the company’s stock valued at $293,285,000 after purchasing an additional 626,665 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares Core MSCI International Developed Markets ETF in the 2nd quarter worth approximately $42,537,000.

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.