iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Reaches New 12-Month High – Time to Buy?

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV)’s stock price hit a new 52-week high on Monday . The company traded as high as $83.93 and last traded at $84.03, with a volume of 614289 shares traded. The stock had previously closed at $83.29.

iShares Core MSCI International Developed Markets ETF Trading Up 1.1%

The company has a 50 day simple moving average of $81.54 and a 200 day simple moving average of $79.28. The stock has a market capitalization of $24.65 billion, a PE ratio of 16.62 and a beta of 0.85.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. YANKCOM Partnership purchased a new stake in iShares Core MSCI International Developed Markets ETF during the third quarter worth $25,000. Brown Brothers Harriman & Co. boosted its position in shares of iShares Core MSCI International Developed Markets ETF by 11,466.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $28,000 after buying an additional 344 shares in the last quarter. Root Financial Partners LLC acquired a new stake in iShares Core MSCI International Developed Markets ETF in the 3rd quarter valued at about $41,000. Archer Investment Corp increased its holdings in iShares Core MSCI International Developed Markets ETF by 134.8% during the 2nd quarter. Archer Investment Corp now owns 836 shares of the company’s stock valued at $64,000 after acquiring an additional 480 shares in the last quarter. Finally, Ameriflex Group Inc. increased its holdings in iShares Core MSCI International Developed Markets ETF by 2,216.3% during the 3rd quarter. Ameriflex Group Inc. now owns 996 shares of the company’s stock valued at $80,000 after acquiring an additional 953 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.