Shares of iShares Asia 50 ETF (NASDAQ:AIA – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $138.84 and last traded at $138.40, with a volume of 305365 shares trading hands. The stock had previously closed at $137.44.
iShares Asia 50 ETF Stock Up 2.9%
The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 13.81 and a beta of 0.83. The business’s 50 day simple moving average is $115.65 and its 200 day simple moving average is $107.13.
Institutional Trading of iShares Asia 50 ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC raised its stake in 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 valued at $27,000 after buying an additional 265 shares during the period. Kestra Advisory Services LLC bought a new stake in iShares Asia 50 ETF in the fourth quarter valued at approximately $52,000. CrossGen Wealth LLC bought a new stake in iShares Asia 50 ETF in the first quarter valued at approximately $56,000. Fifth Third Bancorp acquired a new position in shares of iShares Asia 50 ETF in the first quarter valued at $61,000. Finally, Assetmark Inc. acquired a new position in shares of iShares Asia 50 ETF in the fourth quarter valued at $74,000.
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.
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