iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Hits New 1-Year High – Here’s Why

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP)’s share price hit a new 52-week high on Friday . The company traded as high as $58.13 and last traded at $58.13, with a volume of 62083 shares trading hands. The stock had previously closed at $57.42.

iShares MSCI Pacific ex Japan ETF Stock Up 1.2%

The business’s 50 day simple moving average is $55.26 and its two-hundred day simple moving average is $55.00. The stock has a market cap of $2.28 billion, a P/E ratio of 18.02 and a beta of 0.78.

Institutional Investors Weigh In On iShares MSCI Pacific ex Japan ETF

Several hedge funds have recently modified their holdings of EPP. SBI Securities Co. Ltd. raised its stake in iShares MSCI Pacific ex Japan ETF by 4.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 6,009 shares of the company’s stock worth $303,000 after buying an additional 239 shares during the last quarter. Jones Financial Companies Lllp boosted its position 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 valued at $27,000 after acquiring an additional 298 shares during the last quarter. Resolute Advisors LLC grew its holdings in iShares MSCI Pacific ex Japan ETF by 1.5% during the 2nd quarter. Resolute Advisors LLC now owns 21,915 shares of the company’s stock worth $1,167,000 after acquiring an additional 330 shares during the period. Lee Danner & Bass Inc. grew its holdings in iShares MSCI Pacific ex Japan ETF by 3.4% during the 4th quarter. Lee Danner & Bass Inc. now owns 21,025 shares of the company’s stock worth $1,061,000 after acquiring an additional 700 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of iShares MSCI Pacific ex Japan ETF by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 23,590 shares of the company’s stock worth $1,254,000 after acquiring an additional 747 shares in the last quarter. Institutional investors and hedge funds own 74.75% of the company’s stock.

iShares MSCI Pacific ex Japan ETF Company Profile

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.