iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Sees Strong Trading Volume – Still a Buy?

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) saw unusually-strong trading volume on Friday . Approximately 631,947 shares were traded during trading, an increase of 80% from the previous session’s volume of 350,183 shares.The stock last traded at $51.4150 and had previously closed at $51.25.

iShares MSCI Pacific ex Japan ETF Price Performance

The company has a 50 day moving average price of $50.92 and a two-hundred day moving average price of $50.70. The stock has a market cap of $1.78 billion, a PE ratio of 18.02 and a beta of 0.85.

Hedge Funds Weigh In On iShares MSCI Pacific ex Japan ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EPP. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Pacific ex Japan ETF during the 2nd quarter valued at about $5,637,000. First Horizon Corp purchased a new stake in iShares MSCI Pacific ex Japan ETF in the third quarter worth approximately $479,000. Amundi grew its position in iShares MSCI Pacific ex Japan ETF by 3.3% in the 1st quarter. Amundi now owns 188,625 shares of the company’s stock worth $8,258,000 after purchasing an additional 6,000 shares during the period. Russell Investments Group Ltd. bought a new stake in iShares MSCI Pacific ex Japan ETF in the 3rd quarter worth approximately $245,000. Finally, ABC Arbitrage SA raised its stake in iShares MSCI Pacific ex Japan ETF by 24.2% during the 2nd quarter. ABC Arbitrage SA now owns 15,541 shares of the company’s stock valued at $767,000 after buying an additional 3,031 shares during the last quarter. Institutional investors own 74.75% of the company’s stock.

About iShares MSCI Pacific ex Japan ETF

iShares MSCI Pacific ex Japan ET (the Fund), formerly iShares MSCI Pacific ex-Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Australia, Hong Kong, New Zealand and Singapore markets, as measured by the MSCI Pacific ex-Japan Index (the Index). The Fund invests in a representative sample of securities that collectively has an investment profile similar to the underlying index.