iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) Sets New 52-Week High – Should You Buy?

iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $117.99 and last traded at $117.59, with a volume of 299088 shares trading hands. The stock had previously closed at $117.50.

iShares MSCI All Country Asia ex Japan ETF Stock Up 0.1%

The business has a 50 day moving average of $102.82 and a 200 day moving average of $98.74. The company has a market capitalization of $4.14 billion, a P/E ratio of 15.30 and a beta of 0.70.

Institutional Investors Weigh In On iShares MSCI All Country Asia ex Japan ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAXJ. Ameriprise Financial Inc. raised its position in iShares MSCI All Country Asia ex Japan ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 19,330 shares of the exchange traded fund’s stock valued at $1,597,000 after purchasing an additional 459 shares during the period. BNP Paribas Financial Markets raised its position in iShares MSCI All Country Asia ex Japan ETF by 42.0% during the second quarter. BNP Paribas Financial Markets now owns 10,534 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 3,115 shares during the period. J.Safra Asset Management Corp raised its position in iShares MSCI All Country Asia ex Japan ETF by 3.4% during the third quarter. J.Safra Asset Management Corp now owns 807,249 shares of the exchange traded fund’s stock valued at $73,637,000 after purchasing an additional 26,339 shares during the period. iA Global Asset Management Inc. raised its position in iShares MSCI All Country Asia ex Japan ETF by 1.5% during the third quarter. iA Global Asset Management Inc. now owns 28,599 shares of the exchange traded fund’s stock valued at $2,609,000 after purchasing an additional 434 shares during the period. Finally, Jones Financial Companies Lllp raised its position in iShares MSCI All Country Asia ex Japan ETF by 199.7% during the third quarter. Jones Financial Companies Lllp now owns 1,942 shares of the exchange traded fund’s stock valued at $175,000 after purchasing an additional 1,294 shares during the period.

iShares MSCI All Country Asia ex Japan ETF Company Profile

iShares MSCI All Country Asia ex Japan ETF (the Fund), formerly The iShares MSCI All Country Asia ex Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, of the MSCI All Country Asia ex Japan Index (the Index). The Index is a free-float adjusted market capitalization index designed to measure equity market performance of the 12 countries, such as Australia, China, Honk Kong, India, Indonesia, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan and Thailand.