Assetmark Inc. Sells 27,524 Shares of iShares Core MSCI Pacific ETF $IPAC

Assetmark Inc. lowered its position in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 961,941 shares of the company’s stock after selling 27,524 shares during the period. Assetmark Inc. owned about 3.66% of iShares Core MSCI Pacific ETF worth $70,635,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in iShares Core MSCI Pacific ETF by 61.3% in the second quarter. JPMorgan Chase & Co. now owns 1,823,056 shares of the company’s stock valued at $125,244,000 after acquiring an additional 692,573 shares during the period. Elm Partners Management LLC lifted its holdings in shares of iShares Core MSCI Pacific ETF by 24.9% during the 2nd quarter. Elm Partners Management LLC now owns 476,862 shares of the company’s stock valued at $32,760,000 after purchasing an additional 95,041 shares in the last quarter. Smithfield Trust Co grew its position in shares of iShares Core MSCI Pacific ETF by 12.0% in the 2nd quarter. Smithfield Trust Co now owns 352,399 shares of the company’s stock valued at $24,207,000 after purchasing an additional 37,759 shares during the period. Bessemer Group Inc. increased its stake in iShares Core MSCI Pacific ETF by 8.4% during the 3rd quarter. Bessemer Group Inc. now owns 223,532 shares of the company’s stock worth $16,414,000 after purchasing an additional 17,350 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in iShares Core MSCI Pacific ETF by 116.3% during the 2nd quarter. Osaic Holdings Inc. now owns 196,038 shares of the company’s stock worth $12,724,000 after purchasing an additional 105,396 shares in the last quarter.

iShares Core MSCI Pacific ETF Stock Performance

Shares of IPAC opened at $83.15 on Friday. iShares Core MSCI Pacific ETF has a twelve month low of $54.90 and a twelve month high of $83.98. The firm’s 50 day moving average price is $76.12 and its two-hundred day moving average price is $74.24. The firm has a market cap of $2.49 billion, a P/E ratio of 15.73 and a beta of 0.72.

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.