iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Sees Large Volume Increase – Still a Buy?

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) shares saw strong trading volume on Friday . 404,000 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 372,026 shares.The stock last traded at $52.30 and had previously closed at $52.03.

iShares MSCI Pacific ex Japan ETF Price Performance

The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 18.02 and a beta of 0.87. The business has a fifty day moving average of $51.19 and a 200 day moving average of $48.39.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in iShares MSCI Pacific ex Japan ETF by 10.1% in the first quarter. JPMorgan Chase & Co. now owns 8,372,990 shares of the company’s stock valued at $369,249,000 after acquiring an additional 768,828 shares during the last quarter. Money Design Co. Ltd. lifted its holdings in iShares MSCI Pacific ex Japan ETF by 1,107.9% in the first quarter. Money Design Co. Ltd. now owns 390,665 shares of the company’s stock valued at $17,228,000 after acquiring an additional 358,322 shares during the last quarter. Partners Capital Investment Group LLP raised its position in iShares MSCI Pacific ex Japan ETF by 97.3% in the first quarter. Partners Capital Investment Group LLP now owns 267,073 shares of the company’s stock valued at $11,778,000 after purchasing an additional 131,742 shares during the period. Amundi raised its position in iShares MSCI Pacific ex Japan ETF by 3.3% in the first quarter. Amundi now owns 188,625 shares of the company’s stock valued at $8,258,000 after purchasing an additional 6,000 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in iShares MSCI Pacific ex Japan ETF in the first quarter valued at approximately $7,185,000. 74.75% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Pacific ex Japan ETF Company Profile

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).