iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Sees Large Volume Increase – Still a Buy?

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) saw unusually-strong trading volume on Friday . Approximately 631,947 shares traded hands during trading, an increase of 80% from the previous session’s volume of 350,183 shares.The stock last traded at $51.4150 and had previously closed at $51.25.

iShares MSCI Pacific ex Japan ETF Trading Up 0.3%

The stock has a market cap of $1.77 billion, a PE ratio of 18.02 and a beta of 0.85. The business has a fifty day simple moving average of $50.92 and a two-hundred day simple moving average of $50.68.

Institutional Trading of iShares MSCI Pacific ex Japan ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC raised its stake in iShares MSCI Pacific ex Japan ETF by 95.4% during the third quarter. Flow Traders U.S. LLC now owns 223,148 shares of the company’s stock valued at $11,506,000 after buying an additional 108,969 shares during the last quarter. Amundi increased its holdings in shares of iShares MSCI Pacific ex Japan ETF by 3.3% during the first quarter. Amundi now owns 188,625 shares of the company’s stock valued at $8,258,000 after acquiring an additional 6,000 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of iShares MSCI Pacific ex Japan ETF during the first quarter valued at $7,185,000. Rathbones Group PLC raised its position in shares of iShares MSCI Pacific ex Japan ETF by 0.5% in the 3rd quarter. Rathbones Group PLC now owns 110,536 shares of the company’s stock worth $5,699,000 after purchasing an additional 559 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in iShares MSCI Pacific ex Japan ETF by 1.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 94,255 shares of the company’s stock worth $4,851,000 after purchasing an additional 953 shares in the last quarter. Hedge funds and other institutional investors own 74.75% of the company’s stock.

About iShares MSCI Pacific ex Japan ETF

iShares MSCI Pacific ex Japan ET (the Fund), formerly iShares MSCI Pacific ex-Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Australia, Hong Kong, New Zealand and Singapore markets, as measured by the MSCI Pacific ex-Japan Index (the Index). The Fund invests in a representative sample of securities that collectively has an investment profile similar to the underlying index.