iShares Asia 50 ETF (NASDAQ:AIA) Sets New 12-Month High at $75.22

iShares Asia 50 ETF (NASDAQ:AIA)’s share price reached a new 52-week high on Wednesday . The company traded as high as $75.22 and last traded at $74.88, with a volume of 8101 shares. The stock had previously closed at $73.43.

iShares Asia 50 ETF Price Performance

The company has a market capitalization of $1.46 billion, a P/E ratio of 12.57 and a beta of 0.71. The company has a 50 day moving average of $66.70 and a 200-day moving average of $65.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Flow Traders U.S. LLC lifted its position in iShares Asia 50 ETF by 44.0% during the 1st quarter. Flow Traders U.S. LLC now owns 230,957 shares of the company’s stock valued at $14,021,000 after acquiring an additional 70,559 shares during the period. OLD Mission Capital LLC boosted its position in shares of iShares Asia 50 ETF by 147.2% in the 1st quarter. OLD Mission Capital LLC now owns 214,209 shares of the company’s stock worth $13,005,000 after purchasing an additional 127,571 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares Asia 50 ETF in the 1st quarter worth approximately $6,847,000. StoneX Group Inc. bought a new position in iShares Asia 50 ETF during the 1st quarter valued at approximately $4,177,000. Finally, Bank of Montreal Can raised its stake in iShares Asia 50 ETF by 1,142.7% during the second quarter. Bank of Montreal Can now owns 47,159 shares of the company’s stock valued at $3,206,000 after buying an additional 43,364 shares during the last quarter.

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.