iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Hits New 52-Week High – Still a Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $84.04 and last traded at $83.87, with a volume of 20484 shares trading hands. The stock had previously closed at $83.06.

iShares Core MSCI Pacific ETF Trading Up 1.2%

The company’s 50 day simple moving average is $81.54 and its 200 day simple moving average is $78.69. The stock has a market capitalization of $2.60 billion, a PE ratio of 15.73 and a beta of 0.70.

Institutional Trading of iShares Core MSCI Pacific ETF

A number of hedge funds have recently added to or reduced their stakes in IPAC. JPMorgan Chase & Co. lifted its holdings in shares of iShares Core MSCI Pacific ETF by 10.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,016,662 shares of the company’s stock worth $148,084,000 after acquiring an additional 193,606 shares during the period. Bessemer Group Inc. raised its position in shares of iShares Core MSCI Pacific ETF by 72.3% in the 4th quarter. Bessemer Group Inc. now owns 385,208 shares of the company’s stock worth $28,203,000 after buying an additional 161,676 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Core MSCI Pacific ETF by 5,062.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 97,975 shares of the company’s stock worth $7,173,000 after buying an additional 96,077 shares during the period. Kingsview Wealth Management LLC acquired a new position in iShares Core MSCI Pacific ETF in the third quarter valued at $5,861,000. Finally, UBS Group AG boosted its holdings in iShares Core MSCI Pacific ETF by 87.5% in the fourth quarter. UBS Group AG now owns 166,222 shares of the company’s stock valued at $12,169,000 after acquiring an additional 77,547 shares during 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.