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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $76.79 and last traded at $76.7240, with a volume of 3239 shares traded. The stock had previously closed at $76.22.

iShares Core MSCI Pacific ETF Price Performance

The firm has a market cap of $2.30 billion, a P/E ratio of 15.73 and a beta of 0.72. The firm’s 50 day moving average is $74.34 and its 200 day moving average is $72.84.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several large investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of iShares Core MSCI Pacific ETF by 6.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,730 shares of the company’s stock valued at $531,000 after purchasing an additional 470 shares during the last quarter. Bessemer Group Inc. increased its position in iShares Core MSCI Pacific ETF by 22.3% during the 2nd quarter. Bessemer Group Inc. now owns 206,182 shares of the company’s stock valued at $14,165,000 after buying an additional 37,543 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in iShares Core MSCI Pacific ETF in the second quarter valued at about $4,074,000. Perigon Wealth Management LLC raised its stake in iShares Core MSCI Pacific ETF by 148.2% in the third quarter. Perigon Wealth Management LLC now owns 69,878 shares of the company’s stock valued at $5,131,000 after buying an additional 41,720 shares during the last quarter. Finally, Smithfield Trust Co boosted its holdings in iShares Core MSCI Pacific ETF by 12.0% in the second quarter. Smithfield Trust Co now owns 352,399 shares of the company’s stock worth $24,207,000 after acquiring an additional 37,759 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.