iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Sets New 1-Year High – Should You Buy?

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) shares hit a new 52-week high during trading on Friday . The stock traded as high as $52.77 and last traded at $52.7450, with a volume of 56324 shares. The stock had previously closed at $52.38.

iShares MSCI Pacific ex Japan ETF Stock Performance

The company has a 50-day simple moving average of $50.85 and a two-hundred day simple moving average of $51.00. The firm has a market capitalization of $1.92 billion, a P/E ratio of 18.02 and a beta of 0.85.

Institutional Investors Weigh In On iShares MSCI Pacific ex Japan ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new position in iShares MSCI Pacific ex Japan ETF during the second quarter valued at $5,637,000. First Horizon Corp purchased a new stake in shares of iShares MSCI Pacific ex Japan ETF in the 3rd quarter worth about $479,000. Russell Investments Group Ltd. bought a new position in shares of iShares MSCI Pacific ex Japan ETF in the 3rd quarter worth about $245,000. ABC Arbitrage SA lifted its position in iShares MSCI Pacific ex Japan ETF by 24.2% during the 2nd quarter. ABC Arbitrage SA now owns 15,541 shares of the company’s stock valued at $767,000 after acquiring an additional 3,031 shares during the period. Finally, Rathbones Group PLC boosted its stake in iShares MSCI Pacific ex Japan ETF by 1.4% during the fourth quarter. Rathbones Group PLC now owns 112,098 shares of the company’s stock worth $5,658,000 after acquiring an additional 1,562 shares in the last quarter. 74.75% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Pacific ex Japan ETF Company Profile

iShares MSCI Pacific ex Japan ET (the Fund), formerly iShares MSCI Pacific ex-Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Australia, Hong Kong, New Zealand and Singapore markets, as measured by the MSCI Pacific ex-Japan Index (the Index). The Fund invests in a representative sample of securities that collectively has an investment profile similar to the underlying index.