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

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) hit a new 52-week high on Tuesday . The stock traded as high as $81.86 and last traded at $81.76, with a volume of 107381 shares trading hands. The stock had previously closed at $80.07.

iShares Core MSCI Pacific ETF Trading Up 2.1%

The stock has a market cap of $2.45 billion, a PE ratio of 15.73 and a beta of 0.72. The company’s 50 day moving average is $75.60 and its 200-day moving average is $74.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in iShares Core MSCI Pacific ETF by 122.8% during the 1st quarter. Royal Bank of Canada now owns 50,433 shares of the company’s stock valued at $3,138,000 after purchasing an additional 27,794 shares in the last quarter. Jane Street Group LLC grew its position in shares of iShares Core MSCI Pacific ETF by 40.9% during the first quarter. Jane Street Group LLC now owns 46,748 shares of the company’s stock worth $2,910,000 after buying an additional 13,567 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of iShares Core MSCI Pacific ETF in the second quarter worth $500,000. CWM LLC raised its holdings in iShares Core MSCI Pacific ETF by 2,558.0% in the second quarter. CWM LLC now owns 33,730 shares of the company’s stock valued at $2,317,000 after acquiring an additional 32,461 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in iShares Core MSCI Pacific ETF in the second quarter valued at $206,000.

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.