iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Hits New 12-Month High – What’s Next?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $76.81 and last traded at $76.8350, with a volume of 18864 shares traded. The stock had previously closed at $76.35.

iShares Core MSCI Pacific ETF Stock Up 0.6%

The stock has a 50 day simple moving average of $74.40 and a two-hundred day simple moving average of $73.03. The stock has a market capitalization of $2.31 billion, a P/E ratio of 15.73 and a beta of 0.72.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several institutional investors and hedge funds have recently made changes to their positions in IPAC. Mirae Asset Global Investments Co. Ltd. grew its position in iShares Core MSCI Pacific ETF by 6.5% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,730 shares of the company’s stock worth $531,000 after buying an additional 470 shares in the last quarter. Bessemer Group Inc. lifted its position in iShares Core MSCI Pacific ETF by 22.3% during the second quarter. Bessemer Group Inc. now owns 206,182 shares of the company’s stock worth $14,165,000 after purchasing an additional 37,543 shares during the period. Financial Gravity Companies Inc. acquired a new stake in iShares Core MSCI Pacific ETF during the second quarter worth about $4,074,000. Perigon Wealth Management LLC increased its holdings in iShares Core MSCI Pacific ETF by 148.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 69,878 shares of the company’s stock valued at $5,131,000 after buying an additional 41,720 shares during the period. Finally, Smithfield Trust Co raised its position in shares of iShares Core MSCI Pacific ETF by 12.0% in the 2nd quarter. Smithfield Trust Co now owns 352,399 shares of the company’s stock valued at $24,207,000 after buying an additional 37,759 shares in the last quarter.

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.