iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Sets New 1-Year High – Should You Buy?

Shares of iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) reached a new 52-week high on Friday . The stock traded as high as $52.77 and last traded at $52.7450, with a volume of 56324 shares traded. The stock had previously closed at $52.38.

iShares MSCI Pacific ex Japan ETF Stock Up 0.9%

The firm has a market capitalization of $1.92 billion, a P/E ratio of 18.02 and a beta of 0.85. The firm’s 50-day simple moving average is $50.85 and its 200-day simple moving average is $51.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in iShares MSCI Pacific ex Japan ETF by 94.6% in the first quarter. Jones Financial Companies Lllp now owns 613 shares of the company’s stock valued at $27,000 after acquiring an additional 298 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares MSCI Pacific ex Japan ETF in the 4th quarter worth about $43,000. IFP Advisors Inc increased its position in shares of iShares MSCI Pacific ex Japan ETF by 130.7% during the 3rd quarter. IFP Advisors Inc now owns 1,336 shares of the company’s stock valued at $69,000 after purchasing an additional 757 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of iShares MSCI Pacific ex Japan ETF during the 3rd quarter valued at about $245,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of iShares MSCI Pacific ex Japan ETF by 6.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,167 shares of the company’s stock valued at $304,000 after buying an additional 358 shares in the last quarter. 74.75% of the stock is currently owned by hedge funds and other institutional investors.

About iShares MSCI Pacific ex Japan ETF

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.