iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Volume Increase

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares saw an uptick in trading volume on Wednesday . 392,060 shares traded hands during mid-day trading, an increase of 189% from the previous session’s volume of 135,459 shares.The stock last traded at $61.55 and had previously closed at $62.32.

iShares Core MSCI Pacific ETF Stock Down 1.1 %

The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.44 and a beta of 0.79. The company’s 50 day moving average is $62.04 and its 200 day moving average is $59.59.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IPAC. Brown Brothers Harriman & Co. bought a new position in iShares Core MSCI Pacific ETF in the fourth quarter valued at about $27,000. Buck Wealth Strategies LLC bought a new position in iShares Core MSCI Pacific ETF in the 3rd quarter valued at approximately $42,000. Ramirez Asset Management Inc. acquired a new stake in iShares Core MSCI Pacific ETF in the third quarter valued at approximately $61,000. Arlington Trust Co LLC bought a new stake in shares of iShares Core MSCI Pacific ETF during the fourth quarter worth $62,000. Finally, CVA Family Office LLC acquired a new position in shares of iShares Core MSCI Pacific ETF during the fourth quarter worth $65,000.

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.