iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP) Reaches New 52-Week Low – Here’s Why

iShares MSCI Pacific ex Japan ETF (NYSEARCA:EPP)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $39.92 and last traded at $40.72, with a volume of 380255 shares changing hands. The stock had previously closed at $43.78.

iShares MSCI Pacific ex Japan ETF Trading Down 8.2 %

The stock has a fifty day moving average of $44.92 and a two-hundred day moving average of $45.81. The company has a market capitalization of $1.66 billion, a PE ratio of 15.15 and a beta of 0.84.

Institutional Investors Weigh In On iShares MSCI Pacific ex Japan ETF

A number of hedge funds have recently made changes to their positions in the business. Resolute Advisors LLC lifted its stake in iShares MSCI Pacific ex Japan ETF by 2.2% in the fourth quarter. Resolute Advisors LLC now owns 20,774 shares of the company’s stock worth $910,000 after purchasing an additional 453 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of iShares MSCI Pacific ex Japan ETF by 1.2% in the 4th quarter. Rathbones Group PLC now owns 105,652 shares of the company’s stock valued at $4,629,000 after acquiring an additional 1,242 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in iShares MSCI Pacific ex Japan ETF during the 4th quarter valued at about $233,000. Ameriprise Financial Inc. grew 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 worth $5,900,000 after acquiring an additional 15,824 shares during the last quarter. Finally, Money Design Co. Ltd. purchased a new position in iShares MSCI Pacific ex Japan ETF in the 4th quarter worth approximately $1,420,000. 74.75% of the stock is currently owned by institutional investors.

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).