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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares saw unusually-high trading volume on Wednesday . Approximately 65,369 shares traded hands during 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 company has a market cap of $2.00 billion, a price-to-earnings ratio of 13.70 and a beta of 0.82. The business has a fifty day moving average price of $62.80 and a 200 day moving average price of $63.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IPAC. Element Wealth LLC lifted its stake in shares of iShares Core MSCI Pacific ETF by 3.9% in the third quarter. Element Wealth LLC now owns 9,658 shares of the company’s stock worth $643,000 after acquiring an additional 364 shares during the period. Addison Advisors LLC raised its holdings 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 last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of iShares Core MSCI Pacific ETF by 11.5% in 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. boosted 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 valued at $1,479,000 after purchasing an additional 811 shares during the last quarter. Finally, Denver PWM LLC increased its position in shares of iShares Core MSCI Pacific ETF by 5.4% during the third quarter. Denver PWM LLC now owns 26,252 shares of the company’s stock worth $1,748,000 after buying an additional 1,335 shares during the period.

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.