iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Hits New 52-Week High – Time to Buy?

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP)’s share price reached a new 52-week high on Tuesday . The company traded as high as $57.36 and last traded at $57.35, with a volume of 226102 shares trading hands. The stock had previously closed at $56.58.

iShares MSCI Pacific ex Japan ETF Trading Down 0.3%

The business’s fifty day moving average is $54.62 and its 200 day moving average is $54.66. The company has a market cap of $2.26 billion, a P/E ratio of 18.02 and a beta of 0.78.

Hedge Funds Weigh In On iShares MSCI Pacific ex Japan ETF

A number of large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in shares of iShares MSCI Pacific ex Japan ETF by 94.6% in the first quarter. Jones Financial Companies Lllp now owns 613 shares of the company’s stock valued at $27,000 after purchasing an additional 298 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in iShares MSCI Pacific ex Japan ETF during the 3rd quarter worth about $245,000. Ameriprise Financial Inc. boosted its stake in iShares MSCI Pacific ex Japan ETF by 1.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 94,255 shares of the company’s stock worth $4,851,000 after purchasing an additional 953 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares MSCI Pacific ex Japan ETF in the fourth quarter valued at approximately $43,000. Finally, Lee Danner & Bass Inc. grew its stake in iShares MSCI Pacific ex Japan ETF by 3.4% during the fourth quarter. Lee Danner & Bass Inc. now owns 21,025 shares of the company’s stock valued at $1,061,000 after acquiring an additional 700 shares in the last quarter. 74.75% of the stock is owned by 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.