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

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) hit a new 52-week high on Wednesday . The stock traded as high as $90.40 and last traded at $90.28, with a volume of 125594 shares trading hands. The stock had previously closed at $89.89.

iShares Core MSCI International Developed Markets ETF Price Performance

The company has a market cap of $28.39 billion, a PE ratio of 16.62 and a beta of 0.85. The firm’s 50 day moving average is $85.83 and its 200 day moving average is $82.20.

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

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new position in iShares Core MSCI International Developed Markets ETF in the first quarter valued at $1,025,000. Rossby Financial LCC lifted its holdings in iShares Core MSCI International Developed Markets ETF by 5.7% in the 2nd quarter. Rossby Financial LCC now owns 4,556 shares of the company’s stock worth $346,000 after purchasing an additional 245 shares in the last quarter. Unconventional Investor LLC purchased a new position in iShares Core MSCI International Developed Markets ETF during the 2nd quarter valued at $2,750,000. Bank of New York Mellon Corp raised its stake in iShares Core MSCI International Developed Markets ETF by 55.4% in the second quarter. Bank of New York Mellon Corp now owns 1,966,793 shares of the company’s stock valued at $149,555,000 after buying an additional 700,939 shares during the last quarter. Finally, Crestwood Advisors Group LLC acquired a new stake in iShares Core MSCI International Developed Markets ETF in the second quarter valued at approximately $719,000.

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.