Edgemoor Investment Advisors Inc. Trims Stake in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)

Edgemoor Investment Advisors Inc. cut its stake in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,320 shares of the company’s stock after selling 2,000 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in iShares Core MSCI Pacific ETF were worth $733,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Commonwealth Equity Services LLC increased its stake in shares of iShares Core MSCI Pacific ETF by 9.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,440 shares of the company’s stock valued at $636,000 after purchasing an additional 975 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in iShares Core MSCI Pacific ETF by 25.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 31,231 shares of the company’s stock worth $1,736,000 after purchasing an additional 6,264 shares in the last quarter. Millington Financial Advisors LLC boosted its position in iShares Core MSCI Pacific ETF by 4.4% during the third quarter. Millington Financial Advisors LLC now owns 25,228 shares of the company’s stock worth $1,403,000 after purchasing an additional 1,056 shares in the last quarter. Buck Wealth Strategies LLC purchased a new position in iShares Core MSCI Pacific ETF during the third quarter worth approximately $42,000. Finally, Avantax Advisory Services Inc. boosted its position in iShares Core MSCI Pacific ETF by 7.7% during the third quarter. Avantax Advisory Services Inc. now owns 5,649 shares of the company’s stock worth $314,000 after purchasing an additional 405 shares in the last quarter.

iShares Core MSCI Pacific ETF Price Performance

IPAC stock traded down $0.12 during mid-day trading on Friday, reaching $61.80. 56,785 shares of the company’s stock were exchanged, compared to its average volume of 136,272. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 13.44 and a beta of 0.79. The stock’s 50 day moving average is $62.03 and its 200 day moving average is $59.72. iShares Core MSCI Pacific ETF has a 12-month low of $52.93 and a 12-month high of $63.85.

iShares Core MSCI Pacific ETF 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.