iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Reaches New 52-Week High – Here’s Why

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $57.08 and last traded at $56.80, with a volume of 160883 shares. The stock had previously closed at $56.44.

iShares MSCI Pacific ex Japan ETF Stock Performance

The business has a fifty day simple moving average of $54.41 and a two-hundred day simple moving average of $54.43. The stock has a market cap of $2.22 billion, a PE ratio of 18.02 and a beta of 0.78.

Hedge Funds Weigh In On iShares MSCI Pacific ex Japan ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of iShares MSCI Pacific ex Japan ETF by 94.6% during the 1st quarter. Jones Financial Companies Lllp now owns 613 shares of the company’s stock valued at $27,000 after buying an additional 298 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares MSCI Pacific ex Japan ETF during the fourth quarter worth about $43,000. IFP Advisors Inc grew its holdings in iShares MSCI Pacific ex Japan ETF by 130.7% in the third quarter. IFP Advisors Inc now owns 1,336 shares of the company’s stock worth $69,000 after purchasing an additional 757 shares during the period. Montecito Bank & Trust purchased a new stake in iShares MSCI Pacific ex Japan ETF in the first quarter worth about $202,000. Finally, Arkadios Wealth Advisors bought a new position in shares of iShares MSCI Pacific ex Japan ETF during the first quarter valued at approximately $218,000. Hedge funds and other institutional investors own 74.75% of the company’s stock.

iShares MSCI Pacific ex Japan ETF Company Profile

iShares MSCI Pacific ex Japan ET (the Fund), formerly iShares MSCI Pacific ex-Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Australia, Hong Kong, New Zealand and Singapore markets, as measured by the MSCI Pacific ex-Japan Index (the Index). The Fund invests in a representative sample of securities that collectively has an investment profile similar to the underlying index.