iShares Asia 50 ETF (NASDAQ:AIA) Reaches New 12-Month High – Should You Buy?

iShares Asia 50 ETF (NASDAQ:AIA)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $110.73 and last traded at $110.4750, with a volume of 36636 shares traded. The stock had previously closed at $108.11.

iShares Asia 50 ETF Trading Down 0.8%

The firm has a market capitalization of $2.26 billion, a P/E ratio of 13.81 and a beta of 0.70. The business’s 50 day simple moving average is $99.81 and its two-hundred day simple moving average is $93.97.

iShares Asia 50 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $1.6251 dividend. This represents a yield of 352.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of iShares Asia 50 ETF

Institutional investors have recently added to or reduced their stakes in the business. WealthShield Partners LLC purchased a new position in shares of iShares Asia 50 ETF in the second quarter worth $27,000. Farther Finance Advisors LLC bought a new position in iShares Asia 50 ETF during the 2nd quarter valued at about $57,000. Assetmark Inc. purchased a new stake in shares of iShares Asia 50 ETF during the 4th quarter valued at about $74,000. CIBC Private Wealth Group LLC bought a new stake in shares of iShares Asia 50 ETF in the third quarter worth approximately $78,000. Finally, Osaic Holdings Inc. grew its stake in shares of iShares Asia 50 ETF by 44.0% in the second quarter. Osaic Holdings Inc. now owns 1,328 shares of the company’s stock worth $107,000 after acquiring an additional 406 shares during the period.

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.