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

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw unusually-strong trading volume on Friday . Approximately 486,940 shares were traded during trading, an increase of 310% from the previous session’s volume of 118,753 shares.The stock last traded at $85.45 and had previously closed at $85.50.

iShares Core MSCI Pacific ETF Price Performance

The stock has a market capitalization of $2.74 billion, a P/E ratio of 15.73 and a beta of 0.71. The company’s 50 day simple moving average is $83.37 and its two-hundred day simple moving average is $81.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IPAC. Fifth Third Bancorp acquired a new stake in iShares Core MSCI Pacific ETF during the 1st quarter valued at $29,000. Coston McIsaac & Partners acquired a new position in iShares Core MSCI Pacific ETF in the fourth quarter worth $37,000. Trust Co. of Vermont bought a new stake in shares of iShares Core MSCI Pacific ETF during the second quarter worth $40,000. Activest Wealth Management bought a new stake in shares of iShares Core MSCI Pacific ETF during the fourth quarter worth $44,000. Finally, CoreCap Advisors LLC grew its holdings in shares of iShares Core MSCI Pacific ETF by 3,825.0% during the second quarter. CoreCap Advisors LLC now owns 628 shares of the company’s stock worth $51,000 after purchasing an additional 612 shares during 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.