iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Hits New 1-Year High – Time to Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $76.79 and last traded at $76.7240, with a volume of 3239 shares traded. The stock had previously closed at $76.22.

iShares Core MSCI Pacific ETF Stock Performance

The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 15.73 and a beta of 0.72. The business has a fifty day moving average of $74.26 and a two-hundred day moving average of $72.75.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IPAC. AE Wealth Management LLC grew its stake in iShares Core MSCI Pacific ETF by 45.1% in the 3rd quarter. AE Wealth Management LLC now owns 827 shares of the company’s stock valued at $61,000 after acquiring an additional 257 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of iShares Core MSCI Pacific ETF by 1.6% in the second quarter. Vontobel Holding Ltd. now owns 20,403 shares of the company’s stock valued at $1,402,000 after purchasing an additional 316 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of iShares Core MSCI Pacific ETF by 34.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock valued at $96,000 after purchasing an additional 337 shares during the last quarter. Presilium Private Wealth LLC grew its position in shares of iShares Core MSCI Pacific ETF by 1.4% in the third quarter. Presilium Private Wealth LLC now owns 28,502 shares of the company’s stock valued at $2,093,000 after purchasing an additional 390 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares Core MSCI Pacific ETF by 15.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,204 shares of the company’s stock worth $240,000 after purchasing an additional 420 shares in the last quarter.

iShares Core MSCI Pacific ETF Company Profile

The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.