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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw strong trading volume on Wednesday . 241,958 shares changed hands during trading, an increase of 178% from the previous session’s volume of 86,885 shares.The stock last traded at $62.70 and had previously closed at $62.22.

iShares Core MSCI Pacific ETF Stock Performance

The firm has a market cap of $2.06 billion, a P/E ratio of 13.70 and a beta of 0.82. The business’s 50-day simple moving average is $62.03 and its 200 day simple moving average is $63.00.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in iShares Core MSCI Pacific ETF by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 959,770 shares of the company’s stock worth $63,911,000 after acquiring an additional 59,200 shares in the last quarter. FMR LLC grew its stake in iShares Core MSCI Pacific ETF by 55.3% in the third quarter. FMR LLC now owns 6,741 shares of the company’s stock worth $449,000 after purchasing an additional 2,400 shares in the last quarter. Columbus Macro LLC raised its position in iShares Core MSCI Pacific ETF by 48.2% during the 3rd quarter. Columbus Macro LLC now owns 57,035 shares of the company’s stock valued at $3,787,000 after purchasing an additional 18,542 shares in the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of iShares Core MSCI Pacific ETF in the 3rd quarter worth $1,265,000. Finally, Denver PWM LLC increased its stake in shares of iShares Core MSCI Pacific ETF by 5.4% during the third quarter. Denver PWM LLC now owns 26,252 shares of the company’s stock valued at $1,748,000 after buying an additional 1,335 shares during the period.

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.