iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Hits New 52-Week High – Should You Buy?

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

iShares Core MSCI International Developed Markets ETF Trading Down 0.7%

The company has a 50 day moving average of $89.39 and a 200-day moving average of $87.81. The firm has a market capitalization of $31.65 billion, a P/E ratio of 16.62 and a beta of 0.79.

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

A number of hedge funds and other institutional investors have recently modified their holdings of IDEV. Farther Finance Advisors LLC grew its stake in shares of iShares Core MSCI International Developed Markets ETF by 121.7% in the fourth quarter. Farther Finance Advisors LLC now owns 12,469 shares of the company’s stock valued at $1,028,000 after acquiring an additional 6,845 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in iShares Core MSCI International Developed Markets ETF by 101.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 224,439 shares of the company’s stock worth $18,512,000 after purchasing an additional 112,813 shares in the last quarter. Norris Perne & French LLP MI boosted its holdings in iShares Core MSCI International Developed Markets ETF by 34.7% in the 4th quarter. Norris Perne & French LLP MI now owns 113,853 shares of the company’s stock valued at $9,391,000 after purchasing an additional 29,318 shares during the period. AdvisorNet Financial Inc grew its position in shares of iShares Core MSCI International Developed Markets ETF by 8.5% during the 4th quarter. AdvisorNet Financial Inc now owns 244,863 shares of the company’s stock worth $20,196,000 after purchasing an additional 19,127 shares in the last quarter. Finally, Arrow Financial Corp grew its position in shares of iShares Core MSCI International Developed Markets ETF by 8.7% during the 4th quarter. Arrow Financial Corp now owns 546,267 shares of the company’s stock worth $45,056,000 after purchasing an additional 43,584 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.