iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Hits New 12-Month High – Should You Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares reached a new 52-week high on Monday . The stock traded as high as $73.39 and last traded at $72.87, with a volume of 28657 shares traded. The stock had previously closed at $72.13.

iShares Core MSCI Pacific ETF Stock Down 0.8%

The company’s fifty day simple moving average is $69.04 and its two-hundred day simple moving average is $65.68. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 15.73 and a beta of 0.74.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds have recently bought and sold shares of the company. Vontobel Holding Ltd. raised its holdings in iShares Core MSCI Pacific ETF by 1.6% in the second quarter. Vontobel Holding Ltd. now owns 20,403 shares of the company’s stock worth $1,402,000 after purchasing an additional 316 shares during the period. AE Wealth Management LLC increased its position in shares of iShares Core MSCI Pacific ETF by 216.7% during the second quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock worth $39,000 after acquiring an additional 390 shares in the last quarter. Allworth Financial LP increased its position in shares of iShares Core MSCI Pacific ETF by 11.3% during the first quarter. Allworth Financial LP now owns 3,998 shares of the company’s stock worth $256,000 after acquiring an additional 407 shares in the last quarter. Amundi increased its position in shares of iShares Core MSCI Pacific ETF by 0.5% during the first quarter. Amundi now owns 97,278 shares of the company’s stock worth $5,857,000 after acquiring an additional 460 shares in the last quarter. Finally, Millington Financial Advisors LLC increased its position in shares of iShares Core MSCI Pacific ETF by 1.6% during the first quarter. Millington Financial Advisors LLC now owns 29,242 shares of the company’s stock worth $1,754,000 after acquiring an additional 462 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.