iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Reaches New 12-Month High – What’s Next?

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) reached a new 52-week high on Tuesday . The company traded as high as $84.63 and last traded at $84.57, with a volume of 51536 shares traded. The stock had previously closed at $83.09.

iShares Core MSCI Pacific ETF Stock Up 1.8%

The firm has a market cap of $2.71 billion, a P/E ratio of 15.73 and a beta of 0.70. The business’s 50 day moving average is $82.27 and its 200-day moving average is $80.47.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

A number of hedge funds have recently bought and sold shares of IPAC. Fifth Third Bancorp acquired a new stake in shares of iShares Core MSCI Pacific ETF during the 1st quarter valued at approximately $29,000. Coston McIsaac & Partners bought a new position in shares of iShares Core MSCI Pacific ETF during the fourth quarter valued at approximately $37,000. Activest Wealth Management bought a new position in shares of iShares Core MSCI Pacific ETF during the fourth quarter valued at approximately $44,000. CoreCap Advisors LLC grew its holdings in shares of iShares Core MSCI Pacific ETF by 3,825.0% during the second quarter. CoreCap Advisors LLC now owns 628 shares of the company’s stock valued at $51,000 after purchasing an additional 612 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of iShares Core MSCI Pacific ETF by 34.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock worth $96,000 after purchasing an additional 337 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.