iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sets New 52-Week High – Should You Buy?

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. 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 price-to-earnings ratio of 15.73 and a beta of 0.70. The business has a 50 day moving average of $82.27 and a 200 day moving average of $80.47.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC lifted its stake in shares of iShares Core MSCI Pacific ETF by 3.7% in the fourth quarter. Kestra Advisory Services LLC now owns 3,788 shares of the company’s stock worth $277,000 after acquiring an additional 134 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in iShares Core MSCI Pacific ETF by 1.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,521 shares of the company’s stock valued at $551,000 after purchasing an additional 138 shares during the last quarter. Element Wealth LLC grew its stake in iShares Core MSCI Pacific ETF by 2.1% during the 4th quarter. Element Wealth LLC now owns 9,061 shares of the company’s stock valued at $663,000 after purchasing an additional 183 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in iShares Core MSCI Pacific ETF by 1.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,907 shares of the company’s stock valued at $799,000 after purchasing an additional 202 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in iShares Core MSCI Pacific ETF by 5.5% during the 1st quarter. Private Advisor Group LLC now owns 4,716 shares of the company’s stock worth $361,000 after purchasing an additional 247 shares during the last quarter.

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.