iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Reaches New 52-Week High – What’s Next?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $84.04 and last traded at $83.87, with a volume of 20484 shares traded. The stock had previously closed at $83.06.

iShares Core MSCI Pacific ETF Trading Up 1.3%

The business has a 50 day simple moving average of $81.31 and a 200-day simple moving average of $78.57. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 15.73 and a beta of 0.70.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

A number of large investors have recently modified their holdings of IPAC. JPMorgan Chase & Co. raised its holdings in shares of iShares Core MSCI Pacific ETF by 10.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,016,662 shares of the company’s stock valued at $148,084,000 after buying an additional 193,606 shares during the period. Bessemer Group Inc. raised its holdings in shares of iShares Core MSCI Pacific ETF by 72.3% during the 4th quarter. Bessemer Group Inc. now owns 385,208 shares of the company’s stock valued at $28,203,000 after buying an additional 161,676 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Core MSCI Pacific ETF by 5,062.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 97,975 shares of the company’s stock valued at $7,173,000 after buying an additional 96,077 shares during the period. Kingsview Wealth Management LLC purchased a new stake in shares of iShares Core MSCI Pacific ETF during the 3rd quarter valued at about $5,861,000. Finally, UBS Group AG raised its holdings in shares of iShares Core MSCI Pacific ETF by 87.5% during the 4th quarter. UBS Group AG now owns 166,222 shares of the company’s stock valued at $12,169,000 after buying an additional 77,547 shares during the period.

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.