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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $78.34 and last traded at $78.28, with a volume of 67413 shares changing hands. The stock had previously closed at $77.09.

iShares Core MSCI Pacific ETF Stock Performance

The company has a market cap of $2.35 billion, a price-to-earnings ratio of 15.73 and a beta of 0.72. The company has a fifty day moving average of $74.66 and a two-hundred day moving average of $73.34.

Institutional Trading of iShares Core MSCI Pacific ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fortis Capital Advisors LLC raised its holdings in iShares Core MSCI Pacific ETF by 48.7% in the 4th quarter. Fortis Capital Advisors LLC now owns 6,360 shares of the company’s stock valued at $466,000 after buying an additional 2,084 shares during the last quarter. Global Financial Private Client LLC increased its position in iShares Core MSCI Pacific ETF by 23.5% in the 4th quarter. Global Financial Private Client LLC now owns 22,582 shares of the company’s stock valued at $1,653,000 after acquiring an additional 4,296 shares during the period. Tanager Wealth Management LLP increased its position in iShares Core MSCI Pacific ETF by 8.8% in the 4th quarter. Tanager Wealth Management LLP now owns 11,574 shares of the company’s stock valued at $847,000 after acquiring an additional 939 shares during the period. Greenwood Capital Associates LLC raised its stake in shares of iShares Core MSCI Pacific ETF by 7.1% during the fourth quarter. Greenwood Capital Associates LLC now owns 177,057 shares of the company’s stock valued at $12,962,000 after acquiring an additional 11,765 shares during the last quarter. Finally, Invested Advisors lifted its holdings in shares of iShares Core MSCI Pacific ETF by 123.9% during the fourth quarter. Invested Advisors now owns 8,414 shares of the company’s stock worth $616,000 after purchasing an additional 4,656 shares during the period.

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.