iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Hits New 12-Month High – Should You Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $84.63 and last traded at $84.57, with a volume of 51536 shares traded. The stock had previously closed at $83.09.

iShares Core MSCI Pacific ETF Stock Performance

The firm has a fifty day simple moving average of $82.36 and a 200 day simple moving average of $80.59. The company has a market capitalization of $2.73 billion, a PE ratio of 15.73 and a beta of 0.71.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds have recently modified their holdings of IPAC. Canandaigua National Bank & Trust Co. bought a new position in iShares Core MSCI Pacific ETF in the second quarter worth approximately $234,000. CoreCap Advisors LLC raised its position in shares of iShares Core MSCI Pacific ETF by 3,825.0% in the 2nd quarter. CoreCap Advisors LLC now owns 628 shares of the company’s stock worth $51,000 after acquiring an additional 612 shares in the last quarter. Blue Edge Capital LLC lifted its stake in shares of iShares Core MSCI Pacific ETF by 13.9% during the 1st quarter. Blue Edge Capital LLC now owns 147,650 shares of the company’s stock worth $11,297,000 after purchasing an additional 18,026 shares during the last quarter. Bank of America Corp DE boosted its position in iShares Core MSCI Pacific ETF by 3.6% during the first quarter. Bank of America Corp DE now owns 203,974 shares of the company’s stock valued at $15,606,000 after purchasing an additional 7,126 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in iShares Core MSCI Pacific ETF by 12.6% in the first quarter. Quantinno Capital Management LP now owns 19,202 shares of the company’s stock worth $1,469,000 after purchasing an additional 2,143 shares in 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.