iShares Asia 50 ETF (NASDAQ:AIA) Sets New 52-Week High – Time to Buy?

iShares Asia 50 ETF (NASDAQ:AIA)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $101.42 and last traded at $101.1620, with a volume of 34970 shares. The stock had previously closed at $97.51.

iShares Asia 50 ETF Price Performance

The firm’s 50 day moving average price is $96.61 and its 200-day moving average price is $90.63. The stock has a market cap of $1.79 billion, a P/E ratio of 13.81 and a beta of 0.70.

iShares Asia 50 ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $1.6251 per share. This represents a yield of 352.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC purchased a new stake in shares of iShares Asia 50 ETF during the third quarter valued at $78,000. Susquehanna International Group LLP lifted its stake in iShares Asia 50 ETF by 11.3% during the 3rd quarter. Susquehanna International Group LLP now owns 30,887 shares of the company’s stock valued at $2,922,000 after acquiring an additional 3,131 shares during the period. Lido Advisors LLC boosted its holdings in shares of iShares Asia 50 ETF by 53.0% during the 3rd quarter. Lido Advisors LLC now owns 8,560 shares of the company’s stock valued at $810,000 after acquiring an additional 2,964 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of iShares Asia 50 ETF by 472.9% in the third quarter. Citadel Advisors LLC now owns 14,414 shares of the company’s stock worth $1,364,000 after acquiring an additional 11,898 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of iShares Asia 50 ETF by 274.1% in the third quarter. Bank of America Corp DE now owns 49,766 shares of the company’s stock worth $4,708,000 after acquiring an additional 36,462 shares during the period.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.