iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Reaches New 12-Month High – Time to Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) hit a new 52-week high during trading on Wednesday . The stock traded as high as $79.46 and last traded at $79.2380, with a volume of 7793 shares traded. The stock had previously closed at $78.46.

iShares Core MSCI Pacific ETF Stock Performance

The firm has a 50-day moving average price of $75.45 and a 200-day moving average price of $73.87. The stock has a market cap of $2.40 billion, a P/E ratio of 15.73 and a beta of 0.72.

Institutional Trading of iShares Core MSCI Pacific ETF

A number of hedge funds have recently made changes to their positions in IPAC. Trust Co. of Vermont purchased a new position in shares of iShares Core MSCI Pacific ETF in the 3rd quarter worth about $36,000. Coston McIsaac & Partners purchased a new stake in iShares Core MSCI Pacific ETF during the 4th quarter valued at $37,000. AE Wealth Management LLC increased its position in iShares Core MSCI Pacific ETF by 216.7% during the second quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock valued at $39,000 after acquiring an additional 390 shares during the last quarter. Activest Wealth Management purchased a new stake in shares of iShares Core MSCI Pacific ETF during the 4th quarter valued at about $44,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new stake in iShares Core MSCI Pacific ETF during the third quarter valued at approximately $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.