Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Stock Price Up 0.8% – Still a Buy?

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA)’s share price rose 0.8% on Tuesday . The company traded as high as $21.38 and last traded at $21.33. Approximately 25,802 shares changed hands during trading, a decline of 40% from the average session volume of 42,655 shares. The stock had previously closed at $21.17.

Global X FTSE Southeast Asia ETF Stock Performance

The firm has a market cap of $101.32 million, a P/E ratio of 12.26 and a beta of 0.43. The business’s 50-day simple moving average is $20.35 and its 200 day simple moving average is $19.90.

Hedge Funds Weigh In On Global X FTSE Southeast Asia ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. ES4 LLC boosted its holdings in shares of Global X FTSE Southeast Asia ETF by 2.0% in the first quarter. ES4 LLC now owns 33,130 shares of the company’s stock worth $644,000 after buying an additional 642 shares during the last quarter. Bank of America Corp DE increased its holdings in Global X FTSE Southeast Asia ETF by 13.1% during the third quarter. Bank of America Corp DE now owns 8,443 shares of the company’s stock valued at $144,000 after buying an additional 980 shares during the last quarter. EFG International AG purchased a new stake in Global X FTSE Southeast Asia ETF during the fourth quarter valued at approximately $39,000. Colonial Trust Advisors bought a new position in Global X FTSE Southeast Asia ETF in the fourth quarter worth approximately $56,000. Finally, Kestra Advisory Services LLC bought a new position in Global X FTSE Southeast Asia ETF in the fourth quarter worth approximately $57,000.

About Global X FTSE Southeast Asia ETF

The Global X FTSE Southeast Asia ETF (ASEA) is an exchange-traded fund that is based on the FTSE\u002FASEAN 40 INDEX index. The fund tracks a market-cap weighted and -selected index of the 40 largest and most liquid stocks from Singapore, Malaysia, Indonesia, Thailand and the Philippines. ASEA was launched on Feb 17, 2011 and is managed by Global X.