iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Unusually-High Trading Volume – Still a Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares saw unusually-high trading volume on Tuesday . Approximately 409,670 shares were traded during trading, an increase of 203% from the previous session’s volume of 135,389 shares.The stock last traded at $80.27 and had previously closed at $79.58.

iShares Core MSCI Pacific ETF Stock Up 1.0%

The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 15.73 and a beta of 0.70. The company’s 50-day moving average price is $78.87 and its 200-day moving average price is $76.85.

Institutional Trading of iShares Core MSCI Pacific ETF

Several hedge funds have recently made changes to their positions in IPAC. Royal Bank of Canada lifted its position in shares of iShares Core MSCI Pacific ETF by 122.8% during the first quarter. Royal Bank of Canada now owns 50,433 shares of the company’s stock worth $3,138,000 after purchasing an additional 27,794 shares in the last quarter. Jane Street Group LLC lifted its position in shares of iShares Core MSCI Pacific ETF by 40.9% during the first quarter. Jane Street Group LLC now owns 46,748 shares of the company’s stock worth $2,910,000 after purchasing an additional 13,567 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Core MSCI Pacific ETF by 34.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,056 shares of the company’s stock worth $141,000 after purchasing an additional 527 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of iShares Core MSCI Pacific ETF during the second quarter worth about $1,264,000. Finally, IHT Wealth Management LLC acquired a new stake in iShares Core MSCI Pacific ETF in the second quarter valued at approximately $248,000.

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.