iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Stock Break Above Two Hundred Day Moving Average – Here’s What Happened

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $82.12 and traded as high as $82.26. iShares Core MSCI Pacific ETF shares last traded at $82.19, with a volume of 117,009 shares trading hands.

iShares Core MSCI Pacific ETF Stock Performance

The company has a market capitalization of $2.67 billion, a PE ratio of 16.46 and a beta of 0.76. The stock’s fifty day simple moving average is $84.44 and its 200-day simple moving average is $82.12.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several large investors have recently added to or reduced their stakes in IPAC. Fifth Third Bancorp acquired a new stake in iShares Core MSCI Pacific ETF in the 1st quarter worth about $29,000. Trust Co. of Vermont acquired a new position in shares of iShares Core MSCI Pacific ETF during the 2nd quarter valued at about $40,000. Kings Path Partners LLC acquired a new position in shares of iShares Core MSCI Pacific ETF during the 3rd quarter valued at about $41,000. Activest Wealth Management purchased a new position in shares of iShares Core MSCI Pacific ETF during the 3rd quarter worth about $46,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of iShares Core MSCI Pacific ETF by 3,825.0% during the 2nd quarter. CoreCap Advisors LLC now owns 628 shares of the company’s stock worth $51,000 after acquiring an additional 612 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.