iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Unusually-High Trading Volume – What’s Next?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw strong trading volume on Friday . Approximately 444,400 shares changed hands during trading, an increase of 270% from the previous session’s volume of 119,991 shares.The stock last traded at $87.0890 and had previously closed at $87.00.

iShares Core MSCI Pacific ETF Stock Performance

The stock has a 50 day moving average price of $83.69 and a 200 day moving average price of $81.58. The company has a market capitalization of $2.80 billion, a P/E ratio of 15.73 and a beta of 0.71.

Institutional Trading of iShares Core MSCI Pacific ETF

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of iShares Core MSCI Pacific ETF by 9.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,201,616 shares of the company’s stock valued at $161,180,000 after acquiring an additional 184,954 shares during the period. Morgan Stanley grew its holdings in iShares Core MSCI Pacific ETF by 1.7% during the fourth 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. Stifel Financial Corp increased its position in iShares Core MSCI Pacific ETF by 2.5% in the fourth quarter. Stifel Financial Corp now owns 558,045 shares of the company’s stock worth $40,854,000 after buying an additional 13,675 shares during the last quarter. Elm Partners Management LLC increased its position in iShares Core MSCI Pacific ETF by 3.4% in the fourth quarter. Elm Partners Management LLC now owns 489,530 shares of the company’s stock worth $35,839,000 after buying an additional 16,183 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of iShares Core MSCI Pacific ETF by 11.3% in the first quarter. Bessemer Group Inc. now owns 428,615 shares of the company’s stock valued at $32,794,000 after buying an additional 43,407 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.