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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares saw unusually-high trading volume on Monday . Approximately 399,398 shares were traded during trading, an increase of 214% from the previous session’s volume of 127,003 shares.The stock last traded at $74.4460 and had previously closed at $74.71.

iShares Core MSCI Pacific ETF Price Performance

The company’s 50 day moving average price is $74.06 and its two-hundred day moving average price is $71.14. The stock has a market capitalization of $1.96 billion, a PE ratio of 15.73 and a beta of 0.72.

Institutional Trading of iShares Core MSCI Pacific ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of iShares Core MSCI Pacific ETF in the 3rd quarter valued at approximately $36,000. AE Wealth Management LLC boosted its position in 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 purchasing an additional 390 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in shares of iShares Core MSCI Pacific ETF in the third quarter valued at $57,000. CIBC Private Wealth Group LLC raised its position in shares of iShares Core MSCI Pacific ETF by 34.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock valued at $96,000 after purchasing an additional 337 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Core MSCI Pacific ETF by 34.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,056 shares of the company’s stock worth $141,000 after buying an additional 527 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.