iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sets New 52-Week High – Here’s Why

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) reached a new 52-week high on Tuesday . The stock traded as high as $84.63 and last traded at $84.18, with a volume of 47352 shares. The stock had previously closed at $83.87.

iShares Core MSCI Pacific ETF Price Performance

The business has a 50 day simple moving average of $81.72 and a 200-day simple moving average of $78.93. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 15.73 and a beta of 0.70.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Atlas Capital Advisors Inc. acquired a new stake in iShares Core MSCI Pacific ETF during the 4th quarter worth approximately $1,696,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Core MSCI Pacific ETF by 5,062.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 97,975 shares of the company’s stock valued at $7,173,000 after buying an additional 96,077 shares during the period. Mandatum Life Insurance Co Ltd boosted its holdings in shares of iShares Core MSCI Pacific ETF by 15.1% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 211,923 shares of the company’s stock valued at $15,515,000 after buying an additional 27,856 shares during the period. Bessemer Group Inc. increased its position in shares of iShares Core MSCI Pacific ETF by 72.3% during the fourth quarter. Bessemer Group Inc. now owns 385,208 shares of the company’s stock worth $28,203,000 after acquiring an additional 161,676 shares in the last quarter. Finally, IFP Advisors Inc bought a new stake in shares of iShares Core MSCI Pacific ETF during the third quarter worth $5,339,000.

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.