iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its stake in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) by 25.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,349 shares of the company’s stock after selling 470 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Core MSCI Pacific ETF were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in IPAC. Creative Planning grew its position in shares of iShares Core MSCI Pacific ETF by 18.3% during the second quarter. Creative Planning now owns 58,030 shares of the company’s stock worth $3,553,000 after acquiring an additional 8,975 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in iShares Core MSCI Pacific ETF by 59.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,329 shares of the company’s stock valued at $507,000 after purchasing an additional 3,112 shares during the period. Envestnet Asset Management Inc. grew its position in iShares Core MSCI Pacific ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 843,952 shares of the company’s stock worth $51,667,000 after purchasing an additional 19,957 shares during the last quarter. Valley Wealth Managers Inc. increased its stake in shares of iShares Core MSCI Pacific ETF by 91.3% in the second 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 period. Finally, Ballentine Partners LLC acquired a new stake in shares of iShares Core MSCI Pacific ETF in the second quarter valued at approximately $1,512,000.

iShares Core MSCI Pacific ETF Trading Up 0.4 %

Shares of NYSEARCA IPAC opened at $65.55 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 cap of $2.16 billion, a PE ratio of 13.70 and a beta of 0.82. The stock has a 50 day simple moving average of $63.94 and a 200-day simple moving average of $62.57.

iShares Core MSCI Pacific ETF Profile

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.