Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Stock Price Down 0.5% – Should You Sell?

Shares of Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) traded down 0.5% during trading on Monday . The stock traded as low as $19.38 and last traded at $19.45. 19,690 shares changed hands during trading, a decline of 59% from the average session volume of 48,391 shares. The stock had previously closed at $19.54.

Global X FTSE Southeast Asia ETF Stock Performance

The firm has a market cap of $95.50 million, a P/E ratio of 12.26 and a beta of 0.43. The firm’s fifty day moving average is $19.75 and its 200 day moving average is $19.34.

Institutional Trading of Global X FTSE Southeast Asia ETF

Several hedge funds and other institutional investors have recently modified their holdings of ASEA. EFG International AG acquired a new position in Global X FTSE Southeast Asia ETF during the 4th quarter worth approximately $39,000. Colonial Trust Advisors acquired a new position in Global X FTSE Southeast Asia ETF during the 4th quarter worth approximately $56,000. Kestra Advisory Services LLC acquired a new position in Global X FTSE Southeast Asia ETF in the 4th quarter valued at approximately $57,000. TD Waterhouse Canada Inc. acquired a new position in Global X FTSE Southeast Asia ETF in the 4th quarter valued at approximately $80,000. Finally, Bank of America Corp DE increased its position in Global X FTSE Southeast Asia ETF by 90.6% in the 2nd quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock valued at $122,000 after acquiring an additional 3,548 shares during the period.

Global X FTSE Southeast Asia ETF Company Profile

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.