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 strong trading volume on Wednesday . 1,298,797 shares traded hands during mid-day trading, an increase of 37% from the previous session’s volume of 949,855 shares.The stock last traded at $70.47 and had previously closed at $70.88.

iShares Core MSCI International Developed Markets ETF Trading Down 1.0 %

The company has a 50 day simple moving average of $68.85 and a 200 day simple moving average of $67.92. The stock has a market capitalization of $18.09 billion, a PE ratio of 16.92 and a beta of 0.90.

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

Large investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its stake in 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 valued at $238,948,000 after buying an additional 408,302 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares Core MSCI International Developed Markets ETF by 12.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,638,747 shares of the company’s stock worth $170,120,000 after acquiring an additional 286,730 shares during the period. Nixon Peabody Trust Co. increased its stake in shares of iShares Core MSCI International Developed Markets ETF by 4.3% during the fourth quarter. Nixon Peabody Trust Co. now owns 1,200,185 shares of the company’s stock worth $77,376,000 after acquiring an additional 49,370 shares during the period. First Command Advisory Services Inc. raised its holdings 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 in the last quarter. Finally, Klaas Financial Asset Advisors LLC lifted its position in iShares Core MSCI International Developed Markets ETF by 3.0% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 679,592 shares of the company’s stock valued at $43,813,000 after purchasing an additional 19,659 shares during the period.

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.