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

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $84.63 and last traded at $84.18, with a volume of 47352 shares. The stock had previously closed at $83.87.

iShares Core MSCI Pacific ETF Trading Up 0.4%

The company has a 50-day simple moving average of $81.68 and a 200 day simple moving average of $78.83. The company has a market cap of $2.61 billion, a P/E ratio of 15.73 and a beta of 0.70.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in iShares Core MSCI Pacific ETF by 9.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,201,616 shares of the company’s stock valued at $161,180,000 after buying an additional 184,954 shares during the period. Assetmark Inc. increased its position in shares of iShares Core MSCI Pacific ETF by 0.5% during the fourth quarter. Assetmark Inc. now owns 966,504 shares of the company’s stock worth $70,758,000 after acquiring an additional 4,563 shares during the period. Morgan Stanley increased its position in shares of iShares Core MSCI Pacific ETF by 1.7% during the fourth quarter. Morgan Stanley now owns 927,022 shares of the company’s stock worth $67,867,000 after acquiring an additional 15,505 shares during the period. Mather Group LLC. raised its stake in shares of iShares Core MSCI Pacific ETF by 3.1% during the fourth quarter. Mather Group LLC. now owns 655,922 shares of the company’s stock valued at $48,020,000 after acquiring an additional 19,716 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of iShares Core MSCI Pacific ETF by 2.5% during the fourth quarter. Stifel Financial Corp now owns 558,045 shares of the company’s stock valued at $40,854,000 after acquiring an additional 13,675 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.