iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Hits New 12-Month High – Still a Buy?

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s stock price hit a new 52-week high on Monday . The stock traded as high as $98.88 and last traded at $98.9290, with a volume of 6576 shares traded. The stock had previously closed at $98.04.

iShares MSCI Emerging Markets Asia ETF Stock Performance

The firm’s 50 day simple moving average is $93.78 and its 200 day simple moving average is $90.11. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 15.31 and a beta of 0.60.

iShares MSCI Emerging Markets Asia ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $1.2044 dividend. This represents a yield of 266.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Asia ETF

Several institutional investors and hedge funds have recently modified their holdings of EEMA. Cornerstone Planning Group LLC raised its position in shares of iShares MSCI Emerging Markets Asia ETF by 27.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 752 shares of the company’s stock worth $72,000 after purchasing an additional 162 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in iShares MSCI Emerging Markets Asia ETF during the 2nd quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI Emerging Markets Asia ETF during the 2nd quarter worth approximately $143,000. Bank of New York Mellon Corp raised its holdings in shares of iShares MSCI Emerging Markets Asia ETF by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 79,150 shares of the company’s stock valued at $6,534,000 after acquiring an additional 3,755 shares during the last quarter. Finally, Madison Asset Management LLC lifted its position in shares of iShares MSCI Emerging Markets Asia ETF by 6.2% in the third quarter. Madison Asset Management LLC now owns 396,693 shares of the company’s stock valued at $36,397,000 after acquiring an additional 23,101 shares in the last quarter.

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.