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

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

iShares MSCI Pacific ex Japan ETF Trading Up 1.1%

The company has a market cap of $2.28 billion, a price-to-earnings ratio of 18.02 and a beta of 0.78. The company’s 50 day moving average price is $55.32 and its 200 day moving average price is $55.02.

Institutional Investors Weigh In On iShares MSCI Pacific ex Japan ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in iShares MSCI Pacific ex Japan ETF by 94.6% in the 1st 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. Continuum Advisory LLC purchased a new position in shares of iShares MSCI Pacific ex Japan ETF during the 2nd quarter worth approximately $97,000. Montecito Bank & Trust purchased a new position in shares of iShares MSCI Pacific ex Japan ETF during the 1st quarter worth approximately $202,000. Arkadios Wealth Advisors acquired a new stake in shares of iShares MSCI Pacific ex Japan ETF in the 1st quarter valued at approximately $218,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of iShares MSCI Pacific ex Japan ETF in the 1st quarter valued at approximately $243,000. Institutional investors and hedge funds own 74.75% of the company’s stock.

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.