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

Shares of iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $39.92 and last traded at $40.72, with a volume of 380255 shares trading hands. The stock had previously closed at $43.78.

iShares MSCI Pacific ex Japan ETF Price Performance

The firm’s 50 day moving average price is $44.92 and its 200 day moving average price is $45.81. The stock has a market capitalization of $1.66 billion, a P/E ratio of 15.15 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EPP. Resolute Advisors LLC grew its position in shares of iShares MSCI Pacific ex Japan ETF by 2.2% in the 4th quarter. Resolute Advisors LLC now owns 20,774 shares of the company’s stock worth $910,000 after buying an additional 453 shares during the last quarter. Rathbones Group PLC lifted its stake in iShares MSCI Pacific ex Japan ETF by 1.2% in the fourth quarter. Rathbones Group PLC now owns 105,652 shares of the company’s stock worth $4,629,000 after acquiring an additional 1,242 shares during the period. SBI Securities Co. Ltd. bought a new stake in iShares MSCI Pacific ex Japan ETF in the fourth quarter valued at $233,000. Ameriprise Financial Inc. increased its position in iShares MSCI Pacific ex Japan ETF by 13.3% during the 4th quarter. Ameriprise Financial Inc. now owns 134,841 shares of the company’s stock valued at $5,900,000 after purchasing an additional 15,824 shares during the period. Finally, Money Design Co. Ltd. bought a new position in iShares MSCI Pacific ex Japan ETF in the 4th quarter worth $1,420,000. Institutional investors 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).