Envestnet Asset Management Inc. Decreases Stake in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)

Envestnet Asset Management Inc. reduced its stake in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) by 7.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 639,877 shares of the company’s stock after selling 53,676 shares during the quarter. Envestnet Asset Management Inc. owned about 2.01% of iShares Core MSCI Pacific ETF worth $39,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Corient Private Wealth LLC raised its position in shares of iShares Core MSCI Pacific ETF by 1.8% in the 4th quarter. Corient Private Wealth LLC now owns 9,744 shares of the company’s stock valued at $595,000 after purchasing an additional 170 shares during the last quarter. HighTower Advisors LLC raised its position in iShares Core MSCI Pacific ETF by 2.6% during the 4th quarter. HighTower Advisors LLC now owns 12,594 shares of the company’s stock worth $769,000 after buying an additional 315 shares during the last quarter. Millington Financial Advisors LLC raised its position in iShares Core MSCI Pacific ETF by 1.6% during the 1st quarter. Millington Financial Advisors LLC now owns 29,242 shares of the company’s stock worth $1,754,000 after buying an additional 462 shares during the last quarter. Howe & Rusling Inc. purchased a new position in iShares Core MSCI Pacific ETF during the 4th quarter worth approximately $32,000. Finally, Signaturefd LLC purchased a new position in iShares Core MSCI Pacific ETF during the 4th quarter worth approximately $38,000.

iShares Core MSCI Pacific ETF Trading Down 0.6%

IPAC opened at $67.31 on Monday. iShares Core MSCI Pacific ETF has a 12-month low of $54.90 and a 12-month high of $68.91. The firm has a market capitalization of $1.76 billion, a PE ratio of 15.73 and a beta of 0.74. The firm has a 50 day moving average of $67.18 and a two-hundred day moving average of $63.86.

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.