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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $87.12 and last traded at $87.14, with a volume of 19433 shares. The stock had previously closed at $85.64.

iShares Core MSCI Pacific ETF Trading Up 0.2%

The firm’s fifty day moving average is $83.80 and its 200-day moving average is $81.62. The stock has a market capitalization of $2.80 billion, a PE ratio of 15.73 and a beta of 0.71.

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 stock. Fifth Third Bancorp acquired a new position in shares of iShares Core MSCI Pacific ETF in the 1st quarter worth approximately $29,000. Coston McIsaac & Partners acquired a new stake in iShares Core MSCI Pacific ETF in the 4th quarter valued at approximately $37,000. Trust Co. of Vermont purchased a new stake in iShares Core MSCI Pacific ETF in the second quarter valued at approximately $40,000. CoreCap Advisors LLC raised its position in iShares Core MSCI Pacific ETF by 3,825.0% in the second quarter. CoreCap Advisors LLC now owns 628 shares of the company’s stock valued at $51,000 after purchasing an additional 612 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in iShares Core MSCI Pacific ETF by 34.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock worth $96,000 after purchasing an additional 337 shares in the last quarter.

About iShares Core MSCI Pacific ETF

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.