iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Hits New 12-Month High – Here’s What Happened

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $88.76 and last traded at $88.7230, with a volume of 178203 shares traded. The stock had previously closed at $87.91.

iShares Core MSCI International Developed Markets ETF Stock Up 0.4%

The company has a market capitalization of $28.03 billion, a PE ratio of 16.62 and a beta of 0.85. The firm’s 50 day simple moving average is $84.41 and its 200 day simple moving average is $81.24.

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

Several hedge funds have recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new stake in iShares Core MSCI International Developed Markets ETF in the third quarter worth about $25,000. Brown Brothers Harriman & Co. raised its holdings in shares of 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 worth $28,000 after buying an additional 344 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of iShares Core MSCI International Developed Markets ETF during the 4th quarter worth approximately $30,000. Root Financial Partners LLC purchased a new position in iShares Core MSCI International Developed Markets ETF during the 3rd quarter valued at $41,000. Finally, Archer Investment Corp boosted 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 during the period.

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.