iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Hits New 52-Week High – Still a Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s share price reached a new 52-week high on Friday . The company traded as high as $74.80 and last traded at $74.74, with a volume of 11802 shares. The stock had previously closed at $73.47.

iShares Core MSCI Pacific ETF Stock Performance

The company has a market capitalization of $1.93 billion, a P/E ratio of 15.73 and a beta of 0.74. The firm’s fifty day moving average is $72.40 and its 200 day moving average is $67.81.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its holdings in iShares Core MSCI Pacific ETF by 1.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 20,403 shares of the company’s stock valued at $1,402,000 after purchasing an additional 316 shares during the last quarter. AE Wealth Management LLC grew its holdings in iShares Core MSCI Pacific ETF by 216.7% during the 2nd quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock valued at $39,000 after purchasing an additional 390 shares during the last quarter. Allworth Financial LP grew its holdings in iShares Core MSCI Pacific ETF by 11.3% during the 1st quarter. Allworth Financial LP now owns 3,998 shares of the company’s stock valued at $256,000 after purchasing an additional 407 shares during the last quarter. Amundi grew its holdings in iShares Core MSCI Pacific ETF by 0.5% during the 1st quarter. Amundi now owns 97,278 shares of the company’s stock valued at $5,857,000 after purchasing an additional 460 shares during the last quarter. Finally, Millington Financial Advisors LLC grew its holdings in iShares Core MSCI Pacific ETF by 1.6% during the 1st quarter. Millington Financial Advisors LLC now owns 29,242 shares of the company’s stock valued at $1,754,000 after purchasing an additional 462 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.