iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Unusually-High Trading Volume – Time to Buy?

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw unusually-high trading volume on Tuesday . Approximately 433,768 shares changed hands during mid-day trading, an increase of 317% from the previous session’s volume of 104,000 shares.The stock last traded at $62.15 and had previously closed at $62.24.

iShares Core MSCI Pacific ETF Stock Performance

The company has a 50 day moving average of $62.94 and a 200-day moving average of $63.16. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 15.05 and a beta of 0.74.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several large investors have recently added to or reduced their stakes in IPAC. Blue Trust Inc. grew its stake in shares of iShares Core MSCI Pacific ETF by 3.4% in the fourth quarter. Blue Trust Inc. now owns 8,167,160 shares of the company’s stock worth $543,851,000 after acquiring an additional 266,320 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Core MSCI Pacific ETF by 5.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,014,190 shares of the company’s stock worth $61,967,000 after purchasing an additional 54,420 shares in the last quarter. Mather Group LLC. grew its stake in iShares Core MSCI Pacific ETF by 2.0% during the 4th quarter. Mather Group LLC. now owns 609,009 shares of the company’s stock worth $37,210,000 after purchasing an additional 12,058 shares in the last quarter. Stifel Financial Corp raised its position in iShares Core MSCI Pacific ETF by 4.7% in the 4th quarter. Stifel Financial Corp now owns 547,005 shares of the company’s stock valued at $33,422,000 after purchasing an additional 24,760 shares in the last quarter. Finally, ERTS Wealth Advisors LLC boosted its stake in shares of iShares Core MSCI Pacific ETF by 10.1% in the 4th quarter. ERTS Wealth Advisors LLC now owns 327,100 shares of the company’s stock valued at $19,986,000 after buying an additional 29,962 shares during the period.

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.