iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Stock Price Up 1% – Here’s Why

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP)’s share price were up 1% on Thursday . The company traded as high as $53.89 and last traded at $53.39. 424,550 shares were traded during mid-day trading, a decline of 7% from the average session volume of 454,190 shares. The stock had previously closed at $52.88.

iShares MSCI Pacific ex Japan ETF Stock Performance

The firm’s 50 day simple moving average is $54.59 and its 200-day simple moving average is $53.92. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 18.02 and a beta of 0.78.

Hedge Funds Weigh In On iShares MSCI Pacific ex Japan ETF

Several hedge funds have recently modified their holdings of EPP. Flow Traders U.S. LLC raised its holdings in iShares MSCI Pacific ex Japan ETF by 95.4% during the third quarter. Flow Traders U.S. LLC now owns 223,148 shares of the company’s stock worth $11,506,000 after acquiring an additional 108,969 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in iShares MSCI Pacific ex Japan ETF during the first quarter valued at approximately $2,714,000. Navellier & Associates Inc. bought a new position in iShares MSCI Pacific ex Japan ETF in the fourth quarter valued at approximately $834,000. Rathbones Group PLC grew its stake in iShares MSCI Pacific ex Japan ETF by 6.9% in the first quarter. Rathbones Group PLC now owns 119,865 shares of the company’s stock valued at $6,370,000 after purchasing an additional 7,767 shares in the last quarter. Finally, Syon Capital LLC grew its stake in iShares MSCI Pacific ex Japan ETF by 4.2% in the fourth quarter. Syon Capital LLC now owns 149,318 shares of the company’s stock valued at $7,536,000 after purchasing an additional 5,998 shares in the last quarter. Institutional investors 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.