iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Reaches New 52-Week High – What’s Next?

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $84.04 and last traded at $83.87, with a volume of 20484 shares. The stock had previously closed at $83.06.

iShares Core MSCI Pacific ETF Stock Performance

The firm has a fifty day simple moving average of $81.31 and a 200-day simple moving average of $78.57. The company has a market capitalization of $2.61 billion, a PE ratio of 15.73 and a beta of 0.70.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IPAC. Royal Bank of Canada grew its position in shares of iShares Core MSCI Pacific ETF by 122.8% in the 1st 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 grew its position in shares of 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 acquiring an additional 13,567 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Core MSCI Pacific ETF by 34.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,056 shares of the company’s stock worth $141,000 after acquiring an additional 527 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of iShares Core MSCI Pacific ETF in the 2nd quarter worth approximately $1,264,000. Finally, IHT Wealth Management LLC acquired a new position in shares of iShares Core MSCI Pacific ETF in the 2nd quarter worth approximately $248,000.

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.