Mercer Global Advisors Inc. ADV Raises Stock Position in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)

Mercer Global Advisors Inc. ADV boosted its holdings in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) by 59.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,329 shares of the company’s stock after purchasing an additional 3,112 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in iShares Core MSCI Pacific ETF were worth $507,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in iShares Core MSCI Pacific ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 843,952 shares of the company’s stock worth $51,667,000 after acquiring an additional 19,957 shares during the last quarter. Valley Wealth Managers Inc. increased its position in shares of 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 purchasing an additional 59,178 shares during the last quarter. Ballentine Partners LLC purchased a new stake in iShares Core MSCI Pacific ETF during the 2nd quarter valued at $1,512,000. Financial Gravity Asset Management Inc. boosted its stake in iShares Core MSCI Pacific ETF by 7.8% during the second quarter. Financial Gravity Asset Management Inc. now owns 51,250 shares of the company’s stock worth $3,135,000 after buying an additional 3,712 shares during the period. Finally, Denver PWM LLC increased its position in iShares Core MSCI Pacific ETF by 13.6% during the second quarter. Denver PWM LLC now owns 24,917 shares of the company’s stock valued at $1,525,000 after acquiring an additional 2,992 shares during the last quarter.

iShares Core MSCI Pacific ETF Trading Down 1.8 %

Shares of NYSEARCA:IPAC opened at $66.07 on Friday. iShares Core MSCI Pacific ETF has a 12 month low of $52.93 and a 12 month high of $67.43. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 13.70 and a beta of 0.82. The firm’s 50-day moving average is $63.15 and its 200 day moving average is $62.36.

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.