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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) shares saw strong trading volume on Wednesday . 65,369 shares traded hands during mid-day 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 Trading Down 2.3 %

The company has a market cap of $1.96 billion, a price-to-earnings ratio of 13.70 and a beta of 0.82. The company’s 50 day moving average price is $62.73 and its 200 day moving average price is $63.12.

Institutional Trading of iShares Core MSCI Pacific ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IPAC. Blue Trust Inc. lifted its stake in shares of iShares Core MSCI Pacific ETF by 10.4% in the third quarter. Blue Trust Inc. now owns 7,900,840 shares of the company’s stock valued at $483,689,000 after purchasing an additional 741,287 shares during the period. ERTS Wealth Advisors LLC acquired a new stake in shares of iShares Core MSCI Pacific ETF in the third quarter valued at about $19,786,000. Elm Partners Management LLC lifted its stake in shares of iShares Core MSCI Pacific ETF by 19.1% in the third quarter. Elm Partners Management LLC now owns 712,629 shares of the company’s stock valued at $47,454,000 after purchasing an additional 114,259 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares Core MSCI Pacific ETF by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 959,770 shares of the company’s stock valued at $63,911,000 after acquiring an additional 59,200 shares in the last quarter. Finally, Valley Wealth Managers Inc. increased its holdings in iShares Core MSCI Pacific ETF by 91.3% during the 2nd quarter. Valley Wealth Managers Inc. now owns 124,029 shares of the company’s stock valued at $7,593,000 after acquiring an additional 59,178 shares in the last quarter.

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.