iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Reaches New 1-Year High – Here’s What Happened

Shares of iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $52.77 and last traded at $52.7450, with a volume of 56324 shares. The stock had previously closed at $52.38.

iShares MSCI Pacific ex Japan ETF Price Performance

The firm has a 50-day simple moving average of $50.89 and a 200-day simple moving average of $51.04. The firm has a market capitalization of $1.92 billion, a PE ratio of 18.02 and a beta of 0.85.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake in shares of iShares MSCI Pacific ex Japan ETF by 94.6% in the 1st quarter. Jones Financial Companies Lllp now owns 613 shares of the company’s stock worth $27,000 after acquiring an additional 298 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares MSCI Pacific ex Japan ETF during the 4th quarter worth approximately $43,000. IFP Advisors Inc increased its position in shares of iShares MSCI Pacific ex Japan ETF by 130.7% during the third quarter. IFP Advisors Inc now owns 1,336 shares of the company’s stock worth $69,000 after acquiring an additional 757 shares during the period. Russell Investments Group Ltd. purchased a new stake in iShares MSCI Pacific ex Japan ETF during the 3rd quarter worth about $245,000. Finally, SBI Securities Co. Ltd. raised its holdings in iShares MSCI Pacific ex Japan ETF by 6.2% in the second quarter. SBI Securities Co. Ltd. now owns 6,167 shares of the company’s stock valued at $304,000 after acquiring an additional 358 shares in the last quarter. Institutional investors and hedge funds 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.