iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Hits New 52-Week High – Here’s What Happened

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $86.78 and last traded at $86.78, with a volume of 1350 shares. The stock had previously closed at $85.47.

iShares Core MSCI Pacific ETF Stock Performance

The company has a market capitalization of $2.78 billion, a P/E ratio of 15.73 and a beta of 0.71. The firm’s fifty day moving average is $82.57 and its 200 day moving average is $80.85.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

A number of institutional investors and hedge funds have recently modified their holdings of IPAC. Royal Bank of Canada increased its stake in iShares Core MSCI Pacific ETF by 122.8% in the first quarter. Royal Bank of Canada now owns 50,433 shares of the company’s stock worth $3,138,000 after purchasing an additional 27,794 shares during the period. Jane Street Group LLC grew its holdings in shares of iShares Core MSCI Pacific ETF by 40.9% in the first quarter. Jane Street Group LLC now owns 46,748 shares of the company’s stock worth $2,910,000 after purchasing an additional 13,567 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Core MSCI Pacific ETF by 34.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,056 shares of the company’s stock worth $141,000 after purchasing an additional 527 shares during the last quarter. Quantinno Capital Management LP purchased a new position in iShares Core MSCI Pacific ETF in the 2nd quarter worth about $1,264,000. Finally, IHT Wealth Management LLC purchased a new position in iShares Core MSCI Pacific ETF in the 2nd quarter worth about $248,000.

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.