iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Unusually-High Trading Volume – Time to Buy?

by · The Cerbat Gem

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 991,205 shares changed hands during trading, an increase of 600% from the previous session’s volume of 141,554 shares.The stock last traded at $80.73 and had previously closed at $81.63.

iShares Core MSCI Pacific ETF Stock Performance

The business has a 50-day simple moving average of $79.12 and a 200 day simple moving average of $77.48. The firm has a market cap of $2.54 billion, a P/E ratio of 15.73 and a beta of 0.70.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings 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 worth $161,180,000 after purchasing an additional 184,954 shares in the last quarter. Assetmark Inc. raised its stake in iShares Core MSCI Pacific ETF by 0.5% in the fourth quarter. Assetmark Inc. now owns 966,504 shares of the company’s stock worth $70,758,000 after buying an additional 4,563 shares in the last quarter. Morgan Stanley raised its stake in iShares Core MSCI Pacific ETF by 1.7% in the fourth quarter. Morgan Stanley now owns 927,022 shares of the company’s stock worth $67,867,000 after buying an additional 15,505 shares in the last quarter. Mather Group LLC. raised its stake in iShares Core MSCI Pacific ETF by 3.1% in the fourth quarter. Mather Group LLC. now owns 655,922 shares of the company’s stock worth $48,020,000 after buying an additional 19,716 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in iShares Core MSCI Pacific ETF by 2.5% in the fourth quarter. Stifel Financial Corp now owns 558,045 shares of the company’s stock worth $40,854,000 after buying an additional 13,675 shares in the last quarter.

About iShares Core MSCI Pacific ETF

(Get Free Report)

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.

Read More