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

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV)’s share price reached 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 traded. The stock had previously closed at $81.54.

iShares Core MSCI International Developed Markets ETF Price Performance

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

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Mascoma Wealth Management LLC increased its stake in shares of iShares Core MSCI International Developed Markets ETF by 3.5% in the 1st quarter. Mascoma Wealth Management LLC now owns 5,044 shares of the company’s stock valued at $347,000 after purchasing an additional 172 shares during the last quarter. First Horizon Advisors Inc. grew its position in iShares Core MSCI International Developed Markets ETF by 2.2% in the first quarter. First Horizon Advisors Inc. now owns 9,983 shares of the company’s stock valued at $688,000 after acquiring an additional 217 shares during the last quarter. Rossby Financial LCC raised its stake in iShares Core MSCI International Developed Markets ETF by 5.7% during the second quarter. Rossby Financial LCC now owns 4,556 shares of the company’s stock worth $346,000 after acquiring an additional 245 shares in the last quarter. Private Trust Co. NA raised its stake in iShares Core MSCI International Developed Markets ETF by 18.5% during the first quarter. Private Trust Co. NA now owns 1,628 shares of the company’s stock worth $112,000 after acquiring an additional 254 shares in the last quarter. Finally, First PREMIER Bank lifted its holdings in shares of iShares Core MSCI International Developed Markets ETF by 48.3% in the second quarter. First PREMIER Bank now owns 1,425 shares of the company’s stock worth $108,000 after acquiring an additional 464 shares during 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.