iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Volume Increase – Should You Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw strong trading volume on Thursday . 255,858 shares changed hands during trading, an increase of 119% from the previous session’s volume of 116,944 shares.The stock last traded at $83.1710 and had previously closed at $83.73.

iShares Core MSCI Pacific ETF Stock Down 0.7%

The firm has a market capitalization of $2.49 billion, a PE ratio of 15.73 and a beta of 0.72. The business’s 50-day moving average price is $75.96 and its 200-day moving average price is $74.18.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several institutional investors and hedge funds have recently modified their holdings of IPAC. Royal Bank of Canada raised its holdings in shares of iShares Core MSCI Pacific ETF by 122.8% during the first quarter. Royal Bank of Canada now owns 50,433 shares of the company’s stock worth $3,138,000 after acquiring an additional 27,794 shares in the last quarter. Jane Street Group LLC increased its position in iShares Core MSCI Pacific ETF by 40.9% in the 1st quarter. Jane Street Group LLC now owns 46,748 shares of the company’s stock worth $2,910,000 after purchasing an additional 13,567 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of iShares Core MSCI Pacific ETF during the 2nd quarter worth about $500,000. CWM LLC lifted its holdings in shares of iShares Core MSCI Pacific ETF by 2,558.0% during the 2nd quarter. CWM LLC now owns 33,730 shares of the company’s stock valued at $2,317,000 after buying an additional 32,461 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of iShares Core MSCI Pacific ETF during the 2nd quarter valued at about $206,000.

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.