Sterling Capital Management LLC Cuts Stake in iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV)

Sterling Capital Management LLC cut its holdings in iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 444,391 shares of the company’s stock after selling 18,128 shares during the period. Sterling Capital Management LLC owned 0.22% of iShares Core MSCI International Developed Markets ETF worth $28,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Conquis Financial LLC bought a new position in shares of iShares Core MSCI International Developed Markets ETF during the 4th quarter valued at about $55,000. Whittier Trust Co. bought a new position in iShares Core MSCI International Developed Markets ETF during the fourth quarter valued at approximately $76,000. OLD Point Trust & Financial Services N A purchased a new position in iShares Core MSCI International Developed Markets ETF during the 4th quarter valued at approximately $179,000. Nations Financial Group Inc. IA ADV increased its stake in iShares Core MSCI International Developed Markets ETF by 5.4% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 5,861 shares of the company’s stock worth $378,000 after acquiring an additional 301 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its holdings in shares of iShares Core MSCI International Developed Markets ETF by 11.4% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 10,432 shares of the company’s stock worth $673,000 after acquiring an additional 1,067 shares in the last quarter.

iShares Core MSCI International Developed Markets ETF Stock Performance

IDEV stock opened at $65.16 on Friday. The firm has a fifty day moving average price of $68.65 and a 200 day moving average price of $67.66. iShares Core MSCI International Developed Markets ETF has a fifty-two week low of $61.11 and a fifty-two week high of $71.56. The firm has a market cap of $17.45 billion, a PE ratio of 14.51 and a beta of 0.83.

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.