iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Reaches New 1-Year High – Still a Buy?

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPACGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $76.81 and last traded at $76.8350, with a volume of 18864 shares. The stock had previously closed at $76.35.

iShares Core MSCI Pacific ETF Price Performance

The firm has a market cap of $2.31 billion, a PE ratio of 15.73 and a beta of 0.72. The firm has a 50-day simple moving average of $74.49 and a 200 day simple moving average of $73.12.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in iShares Core MSCI Pacific ETF by 61.3% in the second quarter. JPMorgan Chase & Co. now owns 1,823,056 shares of the company’s stock valued at $125,244,000 after acquiring an additional 692,573 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of iShares Core MSCI Pacific ETF by 116.3% in the 2nd quarter. Osaic Holdings Inc. now owns 196,038 shares of the company’s stock valued at $12,724,000 after purchasing an additional 105,396 shares during the period. Elm Partners Management LLC grew its stake in iShares Core MSCI Pacific ETF by 24.9% in the 2nd quarter. Elm Partners Management LLC now owns 476,862 shares of the company’s stock valued at $32,760,000 after buying an additional 95,041 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of iShares Core MSCI Pacific ETF in the third quarter valued at approximately $5,861,000. Finally, IFP Advisors Inc acquired a new position in shares of iShares Core MSCI Pacific ETF in the 3rd quarter valued at approximately $5,339,000.

iShares Core MSCI Pacific ETF Company Profile

(Get Free Report)

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.

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