iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Sees Large Volume Increase – Should You Buy?

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) shares saw unusually-high trading volume on Tuesday . Approximately 2,870,884 shares traded hands during trading, an increase of 67% from the previous session’s volume of 1,720,442 shares.The stock last traded at $69.04 and had previously closed at $69.20.

iShares Core MSCI International Developed Markets ETF Stock Performance

The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 17.27 and a beta of 0.90. The company has a 50 day moving average price of $67.55 and a 200 day moving average price of $67.82.

Institutional Investors Weigh In On iShares Core MSCI International Developed Markets ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in shares of iShares Core MSCI International Developed Markets ETF by 12.4% in the 4th quarter. Bessemer Group Inc. now owns 3,706,315 shares of the company’s stock worth $238,948,000 after buying an additional 408,302 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares Core MSCI International Developed Markets ETF by 12.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,638,747 shares of the company’s stock worth $170,120,000 after purchasing an additional 286,730 shares during the last quarter. Nixon Peabody Trust Co. raised its stake in shares of iShares Core MSCI International Developed Markets ETF by 4.3% in the fourth quarter. Nixon Peabody Trust Co. now owns 1,200,185 shares of the company’s stock valued at $77,376,000 after buying an additional 49,370 shares during the period. First Command Advisory Services Inc. boosted its position in iShares Core MSCI International Developed Markets ETF by 17.1% during the fourth quarter. First Command Advisory Services Inc. now owns 859,931 shares of the company’s stock worth $55,440,000 after purchasing an additional 125,803 shares during the period. Finally, Klaas Financial Asset Advisors LLC lifted its stake in shares of iShares Core MSCI International Developed Markets ETF by 3.0% during the 4th quarter. Klaas Financial Asset Advisors LLC now owns 679,592 shares of the company’s stock valued at $43,813,000 after buying an additional 19,659 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.