iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Reaches New 1-Year High – Here’s Why

Shares of iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $54.44 and last traded at $54.41, with a volume of 310891 shares. The stock had previously closed at $54.40.

iShares MSCI Pacific ex Japan ETF Stock Down 2.1%

The firm has a market capitalization of $1.95 billion, a PE ratio of 18.02 and a beta of 0.85. The stock has a 50-day moving average price of $51.33 and a 200 day moving average price of $51.18.

Institutional Investors Weigh In On iShares MSCI Pacific ex Japan ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EPP. Lee Danner & Bass Inc. lifted its holdings in iShares MSCI Pacific ex Japan ETF by 3.4% during the fourth quarter. Lee Danner & Bass Inc. now owns 21,025 shares of the company’s stock valued at $1,061,000 after purchasing an additional 700 shares in the last quarter. Rathbones Group PLC increased its stake in shares of iShares MSCI Pacific ex Japan ETF by 1.4% during the fourth quarter. Rathbones Group PLC now owns 112,098 shares of the company’s stock worth $5,658,000 after purchasing an additional 1,562 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares MSCI Pacific ex Japan ETF during the 4th quarter worth about $43,000. IFP Advisors Inc lifted its stake in iShares MSCI Pacific ex Japan ETF by 130.7% in the 3rd quarter. IFP Advisors Inc now owns 1,336 shares of the company’s stock valued at $69,000 after buying an additional 757 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its holdings in iShares MSCI Pacific ex Japan ETF by 95.4% in the 3rd quarter. Flow Traders U.S. LLC now owns 223,148 shares of the company’s stock worth $11,506,000 after buying an additional 108,969 shares during the last quarter. Hedge funds and other institutional investors own 74.75% of the company’s stock.

iShares MSCI Pacific ex Japan ETF Company Profile

iShares MSCI Pacific ex Japan ET (the Fund), formerly iShares MSCI Pacific ex-Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Australia, Hong Kong, New Zealand and Singapore markets, as measured by the MSCI Pacific ex-Japan Index (the Index). The Fund invests in a representative sample of securities that collectively has an investment profile similar to the underlying index.