iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Strong Trading Volume – Time to Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares saw unusually-strong trading volume on Thursday . Approximately 543,823 shares traded hands during mid-day trading, an increase of 322% from the previous session’s volume of 128,991 shares.The stock last traded at $81.62 and had previously closed at $81.79.

iShares Core MSCI Pacific ETF Trading Down 0.2%

The stock has a market capitalization of $2.58 billion, a PE ratio of 15.73 and a beta of 0.70. The company’s 50-day moving average is $81.78 and its 200 day moving average is $79.17.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new stake in iShares Core MSCI Pacific ETF during the first quarter valued at $29,000. Coston McIsaac & Partners acquired a new position in shares of iShares Core MSCI Pacific ETF in the fourth quarter worth about $37,000. Activest Wealth Management purchased a new stake in shares of iShares Core MSCI Pacific ETF during the 4th quarter worth about $44,000. CIBC Private Wealth Group LLC boosted its stake in shares of iShares Core MSCI Pacific ETF by 34.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock worth $96,000 after acquiring an additional 337 shares in the last quarter. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of iShares Core MSCI Pacific ETF during the 4th quarter valued at about $120,000.

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.