iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw unusually-high trading volume on Tuesday . Approximately 433,768 shares were traded during trading, an increase of 317% from the previous session’s volume of 104,000 shares.The stock last traded at $62.15 and had previously closed at $62.24.

iShares Core MSCI Pacific ETF Stock Up 0.1 %

The stock’s 50 day moving average price is $62.94 and its 200-day moving average price is $63.16. The stock has a market capitalization of $2.01 billion, a PE ratio of 15.05 and a beta of 0.74.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

A number of institutional investors have recently modified their holdings of IPAC. Howe & Rusling Inc. bought a new position in iShares Core MSCI Pacific ETF in the fourth quarter worth approximately $32,000. Signaturefd LLC purchased a new stake in shares of iShares Core MSCI Pacific ETF in the 4th quarter worth $38,000. Wingate Wealth Advisors Inc. bought a new position in shares of iShares Core MSCI Pacific ETF during the 4th quarter worth $52,000. GeoWealth Management LLC purchased a new position in shares of iShares Core MSCI Pacific ETF during the fourth quarter valued at $63,000. Finally, Oxford Financial Group LTD. LLC bought a new stake in shares of iShares Core MSCI Pacific ETF in the fourth quarter valued at about $181,000.

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.