iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Stock Price Up 1% – Here’s Why

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s share price were up 1% during mid-day trading on Monday . The stock traded as high as $80.73 and last traded at $80.52. Approximately 3,705,319 shares were traded during mid-day trading, an increase of 5,533% from the average daily volume of 65,779 shares. The stock had previously closed at $79.69.

iShares MSCI Emerging Markets Asia ETF Stock Performance

The business’s 50 day moving average price is $74.39 and its 200-day moving average price is $73.98. The company has a market cap of $434.78 million, a price-to-earnings ratio of 14.35 and a beta of 0.69.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in iShares MSCI Emerging Markets Asia ETF by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 84,746 shares of the company’s stock valued at $6,072,000 after purchasing an additional 2,181 shares in the last quarter. Madison Asset Management LLC grew its stake in iShares MSCI Emerging Markets Asia ETF by 5.5% during the first quarter. Madison Asset Management LLC now owns 464,630 shares of the company’s stock worth $34,415,000 after buying an additional 24,157 shares during the last quarter. OLD Mission Capital LLC bought a new stake in iShares MSCI Emerging Markets Asia ETF during the first quarter worth about $4,564,000. Finally, Madison Investment Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF during the fourth quarter worth approximately $31,560,000.

iShares MSCI Emerging Markets Asia ETF Company Profile

The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.