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

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $56.28 and last traded at $56.2820, with a volume of 173551 shares changing hands. The stock had previously closed at $55.75.

iShares MSCI Pacific ex Japan ETF Stock Performance

The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 18.02 and a beta of 0.85. The company’s 50 day simple moving average is $52.52 and its 200 day simple moving average is $51.67.

Institutional Investors Weigh In On iShares MSCI Pacific ex Japan ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of iShares MSCI Pacific ex Japan ETF by 94.6% during the 1st quarter. Jones Financial Companies Lllp now owns 613 shares of the company’s stock valued at $27,000 after purchasing an additional 298 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares MSCI Pacific ex Japan ETF during the fourth quarter valued at about $43,000. IFP Advisors Inc boosted its stake in iShares MSCI Pacific ex Japan ETF by 130.7% during the third 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. Russell Investments Group Ltd. acquired a new position in iShares MSCI Pacific ex Japan ETF during the third quarter worth about $245,000. Finally, SBI Securities Co. Ltd. raised its position in iShares MSCI Pacific ex Japan ETF by 4.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 6,009 shares of the company’s stock worth $303,000 after acquiring an additional 239 shares in the last quarter. 74.75% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Pacific ex Japan ETF

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.