Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Shares Climb 1.2% – What’s Next?

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) shares rose 1.2% during trading on Tuesday. The company traded as high as $20.39 and last traded at $20.12. 17,638 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 38,196 shares. The stock had previously closed at $19.88.

Global X FTSE Southeast Asia ETF Trading Down 0.1%

The company has a 50 day moving average price of $21.15 and a 200 day moving average price of $20.53. The company has a market capitalization of $95.72 million, a price-to-earnings ratio of 12.26 and a beta of 0.43.

Hedge Funds Weigh In On Global X FTSE Southeast Asia ETF

Large investors have recently made changes to their positions in the company. Harmony Asset Management LLC acquired a new stake in Global X FTSE Southeast Asia ETF in the first quarter worth about $203,000. ES4 LLC raised its holdings in Global X FTSE Southeast Asia ETF by 2.0% during the 1st quarter. ES4 LLC now owns 33,130 shares of the company’s stock worth $644,000 after purchasing an additional 642 shares during the last quarter. Bank of America Corp DE raised its holdings in Global X FTSE Southeast Asia ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 41,281 shares of the company’s stock worth $802,000 after purchasing an additional 5,827 shares during the last quarter. Royal Bank of Canada raised its holdings in Global X FTSE Southeast Asia ETF by 51.4% during the 1st quarter. Royal Bank of Canada now owns 86,919 shares of the company’s stock worth $1,688,000 after purchasing an additional 29,507 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Global X FTSE Southeast Asia ETF by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 139,842 shares of the company’s stock valued at $2,717,000 after purchasing an additional 3,606 shares during the period.

About Global X FTSE Southeast Asia ETF

The Global X FTSE Southeast Asia ETF (ASEA) is an exchange-traded fund that is based on the FTSE\u002FASEAN 40 INDEX index. The fund tracks a market-cap weighted and -selected index of the 40 largest and most liquid stocks from Singapore, Malaysia, Indonesia, Thailand and the Philippines. ASEA was launched on Feb 17, 2011 and is managed by Global X.