iShares Asia 50 ETF (NASDAQ:AIA) Sets New 1-Year High – Here’s Why

iShares Asia 50 ETF (NASDAQ:AIA)’s stock price hit a new 52-week high on Friday . The company traded as high as $77.53 and last traded at $77.67, with a volume of 12496 shares traded. The stock had previously closed at $76.08.

iShares Asia 50 ETF Trading Up 1.0 %

The firm has a market capitalization of $806.61 million, a PE ratio of 12.57 and a beta of 0.71. The business’s 50 day simple moving average is $70.00 and its two-hundred day simple moving average is $69.88.

iShares Asia 50 ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $1.5096 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Activest Wealth Management bought a new stake in iShares Asia 50 ETF during the third quarter worth approximately $35,000. Finley Financial LLC bought a new position in shares of iShares Asia 50 ETF during the 4th quarter worth $59,000. Aviso Financial Inc. lifted its stake in iShares Asia 50 ETF by 97.3% in the fourth quarter. Aviso Financial Inc. now owns 1,385 shares of the company’s stock worth $94,000 after acquiring an additional 683 shares during the period. Bank of Montreal Can grew its holdings in iShares Asia 50 ETF by 8.3% during the 4th quarter. Bank of Montreal Can now owns 4,558 shares of the company’s stock worth $309,000 after acquiring an additional 349 shares in the last quarter. Finally, West Oak Capital LLC boosted its stake in shares of iShares Asia 50 ETF by 1,433.3% during the fourth quarter. West Oak Capital LLC now owns 4,600 shares of the company’s stock valued at $312,000 after purchasing an additional 4,300 shares in the last quarter.

iShares Asia 50 ETF Company Profile

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.