iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Hits New 1-Year High – Here’s Why

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

iShares Core MSCI International Developed Markets ETF Stock Up 2.4%

The firm has a market cap of $31.84 billion, a price-to-earnings ratio of 16.62 and a beta of 0.79. The stock has a 50 day moving average of $89.35 and a 200 day moving average of $87.75.

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

Several hedge funds have recently bought and sold shares of IDEV. Fortitude Family Office LLC lifted its holdings in shares of iShares Core MSCI International Developed Markets ETF by 7.4% during the 4th quarter. Fortitude Family Office LLC now owns 252,319 shares of the company’s stock worth $20,811,000 after acquiring an additional 17,455 shares during the period. Farther Finance Advisors LLC increased its stake in 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 during the last quarter. Crestwood Advisors Group LLC increased its stake in iShares Core MSCI International Developed Markets ETF by 101.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 224,439 shares of the company’s stock valued at $18,512,000 after acquiring an additional 112,813 shares during the last quarter. Norris Perne & French LLP MI raised its position in iShares Core MSCI International Developed Markets ETF by 34.7% during the fourth 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 in the last quarter. Finally, AdvisorNet Financial Inc raised its position in iShares Core MSCI International Developed Markets ETF by 8.5% during the fourth quarter. AdvisorNet Financial Inc now owns 244,863 shares of the company’s stock valued at $20,196,000 after purchasing an additional 19,127 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.