iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Reaches New 52-Week High – Here’s Why

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $84.63 and last traded at $84.18, with a volume of 47352 shares. The stock had previously closed at $83.87.

iShares Core MSCI Pacific ETF Trading Up 0.4%

The stock has a 50-day moving average price of $81.68 and a two-hundred day moving average price of $78.83. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 15.73 and a beta of 0.70.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC raised its position in shares of iShares Core MSCI Pacific ETF by 3.7% in the 4th quarter. Kestra Advisory Services LLC now owns 3,788 shares of the company’s stock valued at $277,000 after purchasing an additional 134 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in iShares Core MSCI Pacific ETF by 1.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,521 shares of the company’s stock worth $551,000 after purchasing an additional 138 shares during the last quarter. Element Wealth LLC grew its position in iShares Core MSCI Pacific ETF by 2.1% during the 4th quarter. Element Wealth LLC now owns 9,061 shares of the company’s stock worth $663,000 after purchasing an additional 183 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in iShares Core MSCI Pacific ETF by 1.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,907 shares of the company’s stock valued at $799,000 after purchasing an additional 202 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in iShares Core MSCI Pacific ETF by 5.5% during the 1st quarter. Private Advisor Group LLC now owns 4,716 shares of the company’s stock valued at $361,000 after purchasing an additional 247 shares in the last quarter.

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.