iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Volume Increase – Here’s What Happened

iShares Core MSCI Pacific ETF (NYSEARCA:IPACGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 991,205 shares traded hands during trading, an increase of 600% from the previous session’s volume of 141,554 shares.The stock last traded at $80.73 and had previously closed at $81.63.

iShares Core MSCI Pacific ETF Price Performance

The stock’s 50-day moving average is $78.97 and its 200 day moving average is $77.39. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 15.73 and a beta of 0.70.

Institutional Trading of iShares Core MSCI Pacific ETF

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in iShares Core MSCI Pacific ETF by 10.6% in the third quarter. JPMorgan Chase & Co. now owns 2,016,662 shares of the company’s stock worth $148,084,000 after acquiring an additional 193,606 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of iShares Core MSCI Pacific ETF by 72.3% during the 4th quarter. Bessemer Group Inc. now owns 385,208 shares of the company’s stock worth $28,203,000 after purchasing an additional 161,676 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Core MSCI Pacific ETF by 5,062.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 97,975 shares of the company’s stock valued at $7,173,000 after purchasing an additional 96,077 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of iShares Core MSCI Pacific ETF in the 3rd quarter valued at about $5,861,000. Finally, UBS Group AG lifted its stake in shares of iShares Core MSCI Pacific ETF by 87.5% in the fourth quarter. UBS Group AG now owns 166,222 shares of the company’s stock valued at $12,169,000 after purchasing an additional 77,547 shares during the period.

About iShares Core MSCI Pacific ETF

(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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