Bessemer Group Inc. Purchases 7,915 Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)

Bessemer Group Inc. boosted its position in shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) by 16.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 56,528 shares of the company’s stock after buying an additional 7,915 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Core MSCI Pacific ETF were worth $3,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position 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 valued at $248,950,000 after purchasing an additional 262,634 shares during the period. Mather Group LLC. grew its stake in iShares Core MSCI Pacific ETF by 4.5% during 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. Municipal Employees Retirement System of Michigan boosted its stake in shares of iShares Core MSCI Pacific ETF by 4.6% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 4,683,690 shares of the company’s stock valued at $296,524,000 after purchasing an additional 207,000 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of iShares Core MSCI Pacific ETF by 7.7% in the 4th quarter. Bleakley Financial Group LLC now owns 4,533 shares of the company’s stock valued at $270,000 after purchasing an additional 324 shares in the last quarter. Finally, Prudential PLC boosted its stake in shares of iShares Core MSCI Pacific ETF by 28.2% in the 4th quarter. Prudential PLC now owns 22,950 shares of the company’s stock valued at $1,366,000 after purchasing an additional 5,050 shares in the last quarter.

iShares Core MSCI Pacific ETF Price Performance

NYSEARCA IPAC traded down $1.08 during trading hours on Wednesday, reaching $61.78. The company’s stock had a trading volume of 35,458 shares, compared to its average volume of 141,041. The firm has a fifty day simple moving average of $62.00 and a 200-day simple moving average of $61.49. The stock has a market cap of $2.03 billion, a P/E ratio of 13.70 and a beta of 0.82. iShares Core MSCI Pacific ETF has a 52 week low of $52.93 and a 52 week high of $64.26.

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.