iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Reaches New 12-Month High – Here’s Why

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $92.15 and last traded at $92.02, with a volume of 1125886 shares traded. The stock had previously closed at $90.95.

iShares Core MSCI International Developed Markets ETF Stock Up 1.2%

The company has a 50-day simple moving average of $89.45 and a two-hundred day simple moving average of $87.92. The stock has a market cap of $32.19 billion, a P/E ratio of 16.62 and a beta of 0.79.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in iShares Core MSCI International Developed Markets ETF during the 1st quarter valued at $1,025,000. Ameriprise Financial Inc. boosted its holdings in shares of iShares Core MSCI International Developed Markets ETF by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 6,852,208 shares of the company’s stock worth $521,039,000 after purchasing an additional 1,716,886 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of iShares Core MSCI International Developed Markets ETF in the second quarter worth about $3,566,000. Russell Investments Group Ltd. bought a new stake in shares of iShares Core MSCI International Developed Markets ETF in the third quarter worth about $142,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of iShares Core MSCI International Developed Markets ETF by 11,466.7% in the third quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $28,000 after purchasing an additional 344 shares during the last quarter.

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.