iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) saw strong trading volume on Wednesday . Approximately 5,175,093 shares changed hands during trading, an increase of 153% from the previous session’s volume of 2,043,603 shares.The stock last traded at $88.81 and had previously closed at $89.01.

iShares Core MSCI International Developed Markets ETF Stock Performance

The company has a 50-day simple moving average of $89.02 and a 200-day simple moving average of $86.80. The company has a market cap of $29.52 billion, a price-to-earnings ratio of 16.62 and a beta of 0.79.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthquest Corp increased its holdings in shares of iShares Core MSCI International Developed Markets ETF by 12.9% in the 1st quarter. Wealthquest Corp now owns 152,289 shares of the company’s stock valued at $12,727,000 after purchasing an additional 17,449 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of iShares Core MSCI International Developed Markets ETF by 17.6% during the 1st quarter. Parallel Advisors LLC now owns 12,868 shares of the company’s stock worth $1,075,000 after acquiring an additional 1,929 shares in the last quarter. Flagship Wealth Advisors LLC grew its holdings in shares of iShares Core MSCI International Developed Markets ETF by 57.2% in the 1st quarter. Flagship Wealth Advisors LLC now owns 4,933 shares of the company’s stock worth $375,000 after acquiring an additional 1,794 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of iShares Core MSCI International Developed Markets ETF by 31.3% in the 1st quarter. Arkadios Wealth Advisors now owns 15,185 shares of the company’s stock worth $1,269,000 after acquiring an additional 3,617 shares during the period. Finally, Aureus Asset Management LLC purchased a new position in iShares Core MSCI International Developed Markets ETF in the 1st quarter valued at approximately $661,000.

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.