iShares Asia 50 ETF (NASDAQ:AIA) Reaches New 1-Year High – Here’s What Happened

iShares Asia 50 ETF (NASDAQ:AIA) reached a new 52-week high on Thursday . The company traded as high as $124.42 and last traded at $124.42, with a volume of 92149 shares. The stock had previously closed at $121.85.

iShares Asia 50 ETF Stock Up 2.1%

The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 13.81 and a beta of 0.74. The stock has a fifty day moving average price of $113.14 and a two-hundred day moving average price of $105.09.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of institutional investors have recently made changes to their positions in AIA. Global Retirement Partners LLC raised its holdings in shares of iShares Asia 50 ETF by 2,650.0% in the fourth quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock worth $27,000 after acquiring an additional 265 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of iShares Asia 50 ETF in the fourth quarter worth $52,000. CrossGen Wealth LLC acquired a new position in shares of iShares Asia 50 ETF in the first quarter worth $56,000. Assetmark Inc. purchased a new stake in shares of iShares Asia 50 ETF in the fourth quarter valued at $74,000. Finally, Arax Advisory Partners purchased a new stake in shares of iShares Asia 50 ETF in the fourth quarter valued at $77,000.

About iShares Asia 50 ETF

iShares Asia 50 ETF (the Fund), formerly iShares S&P Asia 50 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Asia 50 Index (the Index). The Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the performance of the 50 leading companies from four Asian markets: Hong Kong, Singapore, South Korea and Taiwan. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.