iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Position Boosted by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan lifted its stake in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) by 4.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,683,690 shares of the company’s stock after buying an additional 207,000 shares during the quarter. iShares Core MSCI Pacific ETF accounts for approximately 3.8% of Municipal Employees Retirement System of Michigan’s holdings, making the stock its 8th largest position. Municipal Employees Retirement System of Michigan owned approximately 0.14% of iShares Core MSCI Pacific ETF worth $296,524,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of iShares Core MSCI Pacific ETF by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,183,335 shares of the company’s stock worth $248,950,000 after buying an additional 262,634 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of iShares Core MSCI Pacific ETF by 4.5% in the fourth quarter. Mather Group LLC. now owns 623,089 shares of the company’s stock worth $37,080,000 after buying an additional 26,751 shares in the last quarter. Willis Johnson & Associates Inc. lifted its holdings in shares of iShares Core MSCI Pacific ETF by 0.8% in the fourth quarter. Willis Johnson & Associates Inc. now owns 34,174 shares of the company’s stock worth $2,034,000 after buying an additional 285 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of iShares Core MSCI Pacific ETF by 1.5% in the third quarter. Deutsche Bank AG now owns 16,501 shares of the company’s stock worth $917,000 after buying an additional 241 shares in the last quarter. Finally, Garde Capital Inc. lifted its holdings in shares of iShares Core MSCI Pacific ETF by 0.8% in the third quarter. Garde Capital Inc. now owns 146,305 shares of the company’s stock worth $8,135,000 after buying an additional 1,185 shares in the last quarter.

iShares Core MSCI Pacific ETF Price Performance

Shares of IPAC stock traded up $0.23 during mid-day trading on Friday, hitting $61.22. The company had a trading volume of 81,227 shares, compared to its average volume of 149,769. iShares Core MSCI Pacific ETF has a 52-week low of $52.93 and a 52-week high of $63.85. The stock’s 50 day moving average price is $61.47 and its 200-day moving average price is $60.98. The company has a market capitalization of $2.01 billion, a P/E ratio of 13.70 and a beta of 0.82.

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.