Municipal Employees Retirement System of Michigan Raises Stock Position in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)

Municipal Employees Retirement System of Michigan raised its stake in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,683,690 shares of the company’s stock after buying an additional 207,000 shares during the period. iShares Core MSCI Pacific ETF comprises about 3.8% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 8th biggest position. Municipal Employees Retirement System of Michigan owned 14.24% of iShares Core MSCI Pacific ETF worth $296,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in shares of iShares Core MSCI Pacific ETF by 40.2% in the 4th quarter. Blue Trust Inc. now owns 6,757,535 shares of the company’s stock worth $375,719,000 after buying an additional 1,937,858 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of iShares Core MSCI Pacific ETF by 6.7% during the 4th 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 last quarter. Mather Group LLC. grew its holdings in shares of iShares Core MSCI Pacific ETF by 4.5% during the 4th quarter. Mather Group LLC. now owns 623,089 shares of the company’s stock valued at $37,080,000 after purchasing an additional 26,751 shares during the last quarter. Financial Gravity Asset Management Inc. grew its holdings in shares of iShares Core MSCI Pacific ETF by 2,356.1% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 558,350 shares of the company’s stock valued at $31,044,000 after purchasing an additional 535,617 shares during the last quarter. Finally, Elm Partners Management LLC grew its holdings in shares of iShares Core MSCI Pacific ETF by 0.3% during the 4th quarter. Elm Partners Management LLC now owns 550,791 shares of the company’s stock valued at $32,778,000 after purchasing an additional 1,572 shares during the last quarter.

iShares Core MSCI Pacific ETF Stock Performance

Shares of IPAC stock traded up $0.23 on Friday, hitting $61.22. 81,227 shares of the company’s stock traded hands, compared to its average volume of 149,769. iShares Core MSCI Pacific ETF has a one year low of $52.93 and a one year high of $63.85. The company’s fifty day simple moving average is $61.47 and its 200 day simple moving average is $60.98. The stock has a market capitalization of $2.01 billion, a price-to-earnings 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.