iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Hits New 52-Week High – Here’s Why

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) reached a new 52-week high during trading on Friday . The stock traded as high as $108.35 and last traded at $107.90, with a volume of 26489 shares. The stock had previously closed at $105.83.

iShares MSCI Emerging Markets Asia ETF Stock Up 1.9%

The stock has a 50 day simple moving average of $100.72 and a 200 day simple moving average of $97.14. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 15.31 and a beta of 0.65.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in iShares MSCI Emerging Markets Asia ETF by 5,529.8% during the second quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock worth $3,430,000 after acquiring an additional 40,810 shares during the period. Cornerstone Planning Group LLC lifted its holdings in iShares MSCI Emerging Markets Asia ETF by 27.5% during the third quarter. Cornerstone Planning Group LLC now owns 752 shares of the company’s stock worth $72,000 after acquiring an additional 162 shares during the period. Madison Asset Management LLC lifted its holdings in iShares MSCI Emerging Markets Asia ETF by 6.2% during the third quarter. Madison Asset Management LLC now owns 396,693 shares of the company’s stock worth $36,397,000 after acquiring an additional 23,101 shares during the period. BNP Paribas Financial Markets lifted its holdings in iShares MSCI Emerging Markets Asia ETF by 166.4% during the third quarter. BNP Paribas Financial Markets now owns 48,700 shares of the company’s stock worth $4,468,000 after acquiring an additional 30,420 shares during the period. Finally, Private Trust Co. NA lifted its holdings in iShares MSCI Emerging Markets Asia ETF by 226.9% during the fourth quarter. Private Trust Co. NA now owns 742 shares of the company’s stock worth $70,000 after acquiring an additional 515 shares during the period.

About iShares MSCI Emerging Markets Asia ETF

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.