iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Volume Increase – What’s Next?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares saw an uptick in trading volume on Wednesday . 76,224 shares were traded during trading, a decline of 36% from the previous session’s volume of 119,518 shares.The stock last traded at $77.16 and had previously closed at $77.51.

iShares Core MSCI Pacific ETF Price Performance

The firm has a market cap of $2.30 billion, a PE ratio of 15.73 and a beta of 0.72. The company’s 50 day moving average price is $79.14 and its 200 day moving average price is $75.78.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPAC. Trust Co. of Vermont purchased a new stake in shares of iShares Core MSCI Pacific ETF during the third quarter worth $36,000. Coston McIsaac & Partners purchased a new position in iShares Core MSCI Pacific ETF in the fourth quarter valued at $37,000. AE Wealth Management LLC boosted its holdings in iShares Core MSCI Pacific ETF by 216.7% in the second quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock valued at $39,000 after purchasing an additional 390 shares during the period. Activest Wealth Management acquired a new position in iShares Core MSCI Pacific ETF during the 4th quarter worth $44,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in iShares Core MSCI Pacific ETF during the 3rd quarter worth $57,000.

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.