iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Volume Increase – Still a Buy?

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw unusually-high trading volume on Wednesday . Approximately 65,369 shares changed hands during trading, a decline of 45% from the previous session’s volume of 119,112 shares.The stock last traded at $60.81 and had previously closed at $61.19.

iShares Core MSCI Pacific ETF Price Performance

The firm has a market capitalization of $2.00 billion, a PE ratio of 13.70 and a beta of 0.82. The firm’s fifty day moving average is $62.80 and its two-hundred day moving average is $63.15.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several large investors have recently made changes to their positions in IPAC. Element Wealth LLC boosted its holdings in shares of iShares Core MSCI Pacific ETF by 3.9% in the 3rd quarter. Element Wealth LLC now owns 9,658 shares of the company’s stock worth $643,000 after buying an additional 364 shares during the last quarter. Addison Advisors LLC raised its position in iShares Core MSCI Pacific ETF by 16.8% in the third quarter. Addison Advisors LLC now owns 2,710 shares of the company’s stock worth $180,000 after acquiring an additional 390 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in iShares Core MSCI Pacific ETF by 11.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,260 shares of the company’s stock valued at $480,000 after acquiring an additional 750 shares during the last quarter. Richardson Financial Services Inc. grew its position in shares of iShares Core MSCI Pacific ETF by 3.5% during the 3rd quarter. Richardson Financial Services Inc. now owns 24,086 shares of the company’s stock valued at $1,479,000 after acquiring an additional 811 shares during the period. Finally, Denver PWM LLC increased its stake in shares of iShares Core MSCI Pacific ETF by 5.4% during the 3rd quarter. Denver PWM LLC now owns 26,252 shares of the company’s stock worth $1,748,000 after purchasing an additional 1,335 shares during the last quarter.

About iShares Core MSCI Pacific ETF

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.