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

iShares Core MSCI Pacific ETF (NYSEARCA:IPACGet Free Report) saw an uptick in trading volume on Wednesday . 65,369 shares traded hands during mid-day trading, a decline of 45% from the previous session’s volume of 119,112 shares.The stock last traded at $60.81 and had previously closed at $61.19.

iShares Core MSCI Pacific ETF Stock Performance

The stock’s 50-day moving average is $62.73 and its 200 day moving average is $63.12. The stock has a market capitalization of $1.96 billion, a PE ratio of 13.70 and a beta of 0.82.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IPAC. Element Wealth LLC boosted its stake in iShares Core MSCI Pacific ETF by 3.9% during the 3rd quarter. Element Wealth LLC now owns 9,658 shares of the company’s stock worth $643,000 after purchasing an additional 364 shares during the period. Addison Advisors LLC boosted its stake in iShares Core MSCI Pacific ETF by 16.8% during the 3rd quarter. Addison Advisors LLC now owns 2,710 shares of the company’s stock worth $180,000 after purchasing an additional 390 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in iShares Core MSCI Pacific ETF by 11.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,260 shares of the company’s stock worth $480,000 after purchasing an additional 750 shares during the period. Richardson Financial Services Inc. lifted its stake in shares of iShares Core MSCI Pacific ETF by 3.5% in the 3rd quarter. Richardson Financial Services Inc. now owns 24,086 shares of the company’s stock worth $1,479,000 after acquiring an additional 811 shares during the period. Finally, Denver PWM LLC lifted its stake in shares of iShares Core MSCI Pacific ETF by 5.4% in the 3rd quarter. Denver PWM LLC now owns 26,252 shares of the company’s stock worth $1,748,000 after acquiring an additional 1,335 shares during the period.

iShares Core MSCI Pacific ETF Company Profile

(Get Free Report)

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.

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