iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Reaches New 1-Year Low – Here’s What Happened

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $54.90 and last traded at $55.50, with a volume of 107128 shares trading hands. The stock had previously closed at $56.26.

iShares Core MSCI Pacific ETF Price Performance

The firm has a market cap of $1.94 billion, a PE ratio of 15.05 and a beta of 0.74. The company has a 50-day simple moving average of $62.33 and a 200-day simple moving average of $62.82.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Large investors have recently bought and sold shares of the business. Global Financial Private Client LLC boosted its stake in shares of iShares Core MSCI Pacific ETF by 51.0% during the first quarter. Global Financial Private Client LLC now owns 17,245 shares of the company’s stock valued at $1,073,000 after purchasing an additional 5,825 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in iShares Core MSCI Pacific ETF in the 4th quarter worth about $352,000. Yoffe Investment Management LLC purchased a new position in shares of iShares Core MSCI Pacific ETF during the fourth quarter worth approximately $562,000. Willis Johnson & Associates Inc. increased its holdings in iShares Core MSCI Pacific ETF by 4.4% during the 4th quarter. Willis Johnson & Associates Inc. now owns 35,302 shares of the company’s stock worth $2,157,000 after purchasing an additional 1,472 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of iShares Core MSCI Pacific ETF in the fourth quarter valued at about $738,000.

iShares Core MSCI Pacific ETF Company 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.