iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Sets New 12-Month High – Here’s What Happened

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $57.08 and last traded at $56.80, with a volume of 160883 shares changing hands. The stock had previously closed at $56.44.

iShares MSCI Pacific ex Japan ETF Price Performance

The company has a 50-day moving average of $54.46 and a two-hundred day moving average of $54.50. The stock has a market capitalization of $2.25 billion, a PE ratio of 18.02 and a beta of 0.78.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Navellier & Associates Inc. acquired a new stake in shares of iShares MSCI Pacific ex Japan ETF in the fourth quarter worth approximately $834,000. Hilltop Holdings Inc. acquired a new position in iShares MSCI Pacific ex Japan ETF during the first quarter worth approximately $2,714,000. Bank of New York Mellon Corp raised its stake in iShares MSCI Pacific ex Japan ETF by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 23,590 shares of the company’s stock worth $1,254,000 after purchasing an additional 747 shares during the period. Jones Financial Companies Lllp raised its stake in iShares MSCI Pacific ex Japan ETF by 94.6% during the first quarter. Jones Financial Companies Lllp now owns 613 shares of the company’s stock worth $27,000 after purchasing an additional 298 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in iShares MSCI Pacific ex Japan ETF during the third quarter worth approximately $245,000. 74.75% of the stock is currently owned by hedge funds and other institutional investors.

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.