iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Unusually-High Trading Volume – Here’s Why

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw an uptick in trading volume on Wednesday . 241,958 shares changed hands during trading, an increase of 178% from the previous session’s volume of 86,885 shares.The stock last traded at $62.70 and had previously closed at $62.22.

iShares Core MSCI Pacific ETF Stock Up 0.7 %

The company has a market cap of $2.06 billion, a price-to-earnings ratio of 13.70 and a beta of 0.82. The stock has a 50 day simple moving average of $62.04 and a 200 day simple moving average of $63.00.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wingate Wealth Advisors Inc. bought a new stake in iShares Core MSCI Pacific ETF in the fourth quarter worth about $52,000. Kings Path Partners LLC acquired a new position in iShares Core MSCI Pacific ETF in the third quarter worth approximately $115,000. Addison Advisors LLC boosted its stake in shares of iShares Core MSCI Pacific ETF by 16.8% during the 3rd quarter. Addison Advisors LLC now owns 2,710 shares of the company’s stock worth $180,000 after acquiring an additional 390 shares in the last quarter. IHT Wealth Management LLC bought a new position in shares of iShares Core MSCI Pacific ETF in the third quarter valued at approximately $201,000. Finally, Advisory Services & Investments LLC bought a new stake in shares of iShares Core MSCI Pacific ETF during the 3rd quarter worth $205,000.

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.