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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw strong trading volume on Tuesday . 279,436 shares changed hands during mid-day trading, an increase of 184% from the previous session’s volume of 98,503 shares.The stock last traded at $62.60 and had previously closed at $62.76.

iShares Core MSCI Pacific ETF Stock Down 0.1 %

The company has a market capitalization of $2.06 billion, a PE ratio of 13.70 and a beta of 0.82. The business has a 50 day simple moving average of $61.95 and a 200 day simple moving average of $63.01.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC purchased a new position in shares of iShares Core MSCI Pacific ETF during the 4th quarter valued at about $38,000. Wingate Wealth Advisors Inc. purchased a new position in shares of iShares Core MSCI Pacific ETF in the 4th quarter valued at about $52,000. Addison Advisors LLC raised its holdings in iShares Core MSCI Pacific ETF by 16.8% in 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. Oxford Financial Group LTD. LLC acquired a new stake in iShares Core MSCI Pacific ETF in the fourth quarter valued at approximately $181,000. Finally, IHT Wealth Management LLC purchased a new stake in shares of iShares Core MSCI Pacific ETF in the third quarter valued at approximately $201,000.

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.