iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Hits New 1-Year High – Here’s What Happened

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $86.78 and last traded at $86.78, with a volume of 1350 shares changing hands. The stock had previously closed at $85.47.

iShares Core MSCI Pacific ETF Trading Up 0.2%

The company’s 50 day moving average is $82.69 and its 200 day moving average is $80.98. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 184,954 shares during the last quarter. Morgan Stanley grew its stake in iShares Core MSCI Pacific ETF by 1.7% during the 4th quarter. Morgan Stanley now owns 927,022 shares of the company’s stock worth $67,867,000 after buying an additional 15,505 shares during the last quarter. Stifel Financial Corp grew its stake in iShares Core MSCI Pacific ETF by 2.5% during the 4th 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 during the last quarter. Elm Partners Management LLC grew its stake in iShares Core MSCI Pacific ETF by 3.4% during the 4th quarter. Elm Partners Management LLC now owns 489,530 shares of the company’s stock worth $35,839,000 after buying an additional 16,183 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in iShares Core MSCI Pacific ETF by 11.3% during the first quarter. Bessemer Group Inc. now owns 428,615 shares of the company’s stock worth $32,794,000 after buying an additional 43,407 shares during the period.

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.