iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Volume Increase – Here’s What Happened

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares saw unusually-high trading volume on Thursday . Approximately 255,858 shares were traded during trading, an increase of 119% from the previous session’s volume of 116,944 shares.The stock last traded at $83.1710 and had previously closed at $83.73.

iShares Core MSCI Pacific ETF Price Performance

The stock’s 50 day moving average price is $75.96 and its two-hundred day moving average price is $74.18. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.73 and a beta of 0.72.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in shares of iShares Core MSCI Pacific ETF in the third quarter valued at about $36,000. Coston McIsaac & Partners bought a new stake in iShares Core MSCI Pacific ETF during the 4th quarter valued at approximately $37,000. AE Wealth Management LLC grew its holdings in iShares Core MSCI Pacific ETF by 216.7% in the 2nd quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock valued at $39,000 after buying an additional 390 shares during the last quarter. Activest Wealth Management bought a new position in iShares Core MSCI Pacific ETF in the 4th quarter worth approximately $44,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in shares of iShares Core MSCI Pacific ETF during the third quarter worth approximately $57,000.

About iShares Core MSCI Pacific ETF

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.