iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sets New 52-Week High – Should You Buy?

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) hit a new 52-week high on Friday . The stock traded as high as $68.62 and last traded at $68.57, with a volume of 1749 shares changing hands. The stock had previously closed at $68.10.

iShares Core MSCI Pacific ETF Trading Up 0.9%

The firm has a fifty day simple moving average of $66.39 and a two-hundred day simple moving average of $63.40. The firm has a market cap of $1.79 billion, a PE ratio of 15.23 and a beta of 0.74.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in iShares Core MSCI Pacific ETF by 5.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,014,190 shares of the company’s stock worth $61,967,000 after buying an additional 54,420 shares during the period. Stifel Financial Corp raised its position in shares of iShares Core MSCI Pacific ETF by 4.7% in the 4th quarter. Stifel Financial Corp now owns 547,005 shares of the company’s stock worth $33,422,000 after acquiring an additional 24,760 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of iShares Core MSCI Pacific ETF in the 1st quarter worth approximately $25,067,000. Smithfield Trust Co raised its position in shares of iShares Core MSCI Pacific ETF by 0.4% in the 1st quarter. Smithfield Trust Co now owns 314,640 shares of the company’s stock worth $19,595,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of iShares Core MSCI Pacific ETF by 73.9% in the 4th quarter. Bank of America Corp DE now owns 274,948 shares of the company’s stock worth $16,799,000 after acquiring an additional 116,851 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.