iShares Asia 50 ETF (NASDAQ:AIA) Reaches New 52-Week High – Still a Buy?

iShares Asia 50 ETF (NASDAQ:AIA) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $122.96 and last traded at $122.78, with a volume of 55283 shares changing hands. The stock had previously closed at $119.91.

iShares Asia 50 ETF Trading Up 3.2%

The business’s fifty day moving average price is $112.12 and its 200 day moving average price is $104.15. The company has a market capitalization of $3.94 billion, a P/E ratio of 13.81 and a beta of 0.74.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AIA. Global Retirement Partners LLC grew its stake in shares of iShares Asia 50 ETF by 2,650.0% in the 4th quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the period. CrossGen Wealth LLC bought a new stake in shares of iShares Asia 50 ETF in the 1st quarter valued at approximately $56,000. Kestra Advisory Services LLC bought a new stake in shares of iShares Asia 50 ETF in the 4th quarter valued at approximately $52,000. Assetmark Inc. bought a new stake in shares of iShares Asia 50 ETF in the 4th quarter valued at approximately $74,000. Finally, Arax Advisory Partners bought a new stake in shares of iShares Asia 50 ETF in the 4th quarter valued at approximately $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.