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

iShares Asia 50 ETF (NASDAQ:AIA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $113.51 and last traded at $113.28, with a volume of 198525 shares traded. The stock had previously closed at $110.84.

iShares Asia 50 ETF Stock Performance

The stock has a 50 day moving average of $102.07 and a two-hundred day moving average of $95.53. The stock has a market cap of $2.32 billion, a PE ratio of 13.81 and a beta of 0.70.

iShares Asia 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $1.6251 dividend. This represents a dividend yield of 352.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Investors Weigh In On iShares Asia 50 ETF

Hedge funds have recently made changes to their positions in the company. WealthShield Partners LLC acquired a new stake in iShares Asia 50 ETF during the 2nd quarter valued at $27,000. Global Retirement Partners LLC increased its holdings in shares of iShares Asia 50 ETF by 2,650.0% in the 4th quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the period. Assetmark Inc. purchased a new stake in shares of iShares Asia 50 ETF in the fourth quarter worth approximately $74,000. Gilpin Wealth Management LLC acquired a new stake in shares of iShares Asia 50 ETF during the fourth quarter worth approximately $78,000. Finally, CIBC Private Wealth Group LLC purchased a new position in iShares Asia 50 ETF during the third quarter valued at approximately $78,000.

About iShares Asia 50 ETF

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.