iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Unusually-High Trading Volume

Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw unusually-strong trading volume on Tuesday . Approximately 1,459,227 shares changed hands during trading, an increase of 1,042% from the previous session’s volume of 127,752 shares.The stock last traded at $60.81 and had previously closed at $60.34.

iShares Core MSCI Pacific ETF Stock Down 0.5 %

The company has a 50-day moving average price of $61.42 and a two-hundred day moving average price of $60.96. The stock has a market capitalization of $1.99 billion, a P/E ratio of 13.70 and a beta of 0.82.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of iShares Core MSCI Pacific ETF by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,183,335 shares of the company’s stock worth $248,950,000 after purchasing an additional 262,634 shares during the last quarter. Mather Group LLC. increased its position in shares of iShares Core MSCI Pacific ETF by 4.5% in the fourth quarter. Mather Group LLC. now owns 623,089 shares of the company’s stock worth $37,080,000 after purchasing an additional 26,751 shares during the last quarter. Willis Johnson & Associates Inc. increased its position in shares of iShares Core MSCI Pacific ETF by 0.8% in the fourth quarter. Willis Johnson & Associates Inc. now owns 34,174 shares of the company’s stock worth $2,034,000 after purchasing an additional 285 shares during the last quarter. Deutsche Bank AG increased its position in shares of iShares Core MSCI Pacific ETF by 1.5% in the third quarter. Deutsche Bank AG now owns 16,501 shares of the company’s stock worth $917,000 after purchasing an additional 241 shares during the last quarter. Finally, Garde Capital Inc. increased its position in shares of iShares Core MSCI Pacific ETF by 0.8% in the third quarter. Garde Capital Inc. now owns 146,305 shares of the company’s stock worth $8,135,000 after purchasing an additional 1,185 shares during 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.