iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Volume Increase – Still a Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares saw unusually-strong trading volume on Thursday . Approximately 255,858 shares changed hands during trading, an increase of 119% from the previous session’s volume of 116,944 shares.The stock last traded at $83.1710 and had previously closed at $83.73.

iShares Core MSCI Pacific ETF Trading Up 0.1%

The stock has a market cap of $2.50 billion, a P/E ratio of 15.73 and a beta of 0.72. The company’s fifty day simple moving average is $76.29 and its 200-day simple moving average is $74.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in iShares Core MSCI Pacific ETF by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,201,616 shares of the company’s stock worth $161,180,000 after purchasing an additional 184,954 shares in the last quarter. Assetmark Inc. raised its stake in shares of iShares Core MSCI Pacific ETF by 0.5% during the fourth quarter. Assetmark Inc. now owns 966,504 shares of the company’s stock worth $70,758,000 after buying an additional 4,563 shares during the last quarter. Morgan Stanley lifted its stake in shares of iShares Core MSCI Pacific ETF by 1.7% in the 4th quarter. Morgan Stanley now owns 927,022 shares of the company’s stock valued at $67,867,000 after purchasing an additional 15,505 shares during the period. Mather Group LLC. boosted its holdings in iShares Core MSCI Pacific ETF by 3.1% during the fourth quarter. Mather Group LLC. now owns 655,922 shares of the company’s stock worth $48,020,000 after buying an additional 19,716 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of iShares Core MSCI Pacific ETF by 2.5% in the 4th quarter. Stifel Financial Corp now owns 558,045 shares of the company’s stock valued at $40,854,000 after acquiring an additional 13,675 shares during the period.

iShares Core MSCI Pacific ETF Company Profile

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.