Jacobs Equity LLC Takes Position in iShares Core MSCI Pacific ETF $IPAC

Jacobs Equity LLC bought a new stake in shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) during the fourth quarter, Holdings Channel reports. The institutional investor bought 16,895 shares of the company’s stock, valued at approximately $1,237,000. iShares Core MSCI Pacific ETF comprises 1.2% of Jacobs Equity LLC’s holdings, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Coston McIsaac & Partners bought a new stake in iShares Core MSCI Pacific ETF in the fourth quarter valued at $37,000. Activest Wealth Management acquired a new position in shares of iShares Core MSCI Pacific ETF during the fourth quarter valued at about $44,000. CIBC Private Wealth Group LLC boosted its position in shares of iShares Core MSCI Pacific ETF by 34.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock worth $96,000 after purchasing an additional 337 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in shares of iShares Core MSCI Pacific ETF during the 4th quarter worth about $120,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Core MSCI Pacific ETF by 34.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,056 shares of the company’s stock valued at $141,000 after buying an additional 527 shares during the period.

iShares Core MSCI Pacific ETF Price Performance

Shares of IPAC opened at $83.87 on Friday. iShares Core MSCI Pacific ETF has a one year low of $65.51 and a one year high of $84.29. The company has a market cap of $2.60 billion, a PE ratio of 15.73 and a beta of 0.70. The stock has a 50-day moving average of $81.54 and a 200-day moving average of $78.69.

iShares Core MSCI Pacific ETF 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.