iShares Asia 50 ETF (NASDAQ:AIA) Sets New 1-Year High – Still a Buy?

iShares Asia 50 ETF (NASDAQ:AIA) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $139.70 and last traded at $139.70, with a volume of 14415 shares. The stock had previously closed at $135.42.

iShares Asia 50 ETF Stock Up 4.1%

The firm has a market cap of $4.62 billion, a P/E ratio of 13.81 and a beta of 0.83. The company has a 50 day moving average of $119.61 and a two-hundred day moving average of $109.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in shares of iShares Asia 50 ETF by 11.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 132,423 shares of the company’s stock valued at $10,735,000 after acquiring an additional 14,134 shares in the last quarter. LPL Financial LLC grew its holdings in iShares Asia 50 ETF by 36.8% in the 4th quarter. LPL Financial LLC now owns 93,569 shares of the company’s stock valued at $9,124,000 after buying an additional 25,177 shares during the last quarter. Wells Fargo & Company MN grew its holdings in iShares Asia 50 ETF by 46.1% in the 4th quarter. Wells Fargo & Company MN now owns 68,868 shares of the company’s stock valued at $6,715,000 after buying an additional 21,735 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in iShares Asia 50 ETF in the 4th quarter valued at approximately $5,482,000. Finally, Creative Planning acquired a new stake in iShares Asia 50 ETF in the 3rd quarter valued at approximately $5,217,000.

iShares Asia 50 ETF Company Profile

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.