iShares Asia 50 ETF (NASDAQ:AIA) Hits New 52-Week High – Still a Buy?

iShares Asia 50 ETF (NASDAQ:AIA)’s share price hit a new 52-week high on Monday . The company traded as high as $104.85 and last traded at $105.0350, with a volume of 32916 shares changing hands. The stock had previously closed at $104.12.

iShares Asia 50 ETF Trading Up 1.7%

The firm’s fifty day moving average price is $97.01 and its 200-day moving average price is $91.58. The company has a market cap of $1.95 billion, a P/E ratio of 13.81 and a beta of 0.70.

iShares Asia 50 ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $1.6251 per share. This represents a yield of 352.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of iShares Asia 50 ETF

Hedge funds have recently modified their holdings of the company. WealthShield Partners LLC bought a new stake in shares of iShares Asia 50 ETF during the second quarter valued at approximately $27,000. Farther Finance Advisors LLC acquired a new stake in iShares Asia 50 ETF during the second quarter worth $57,000. CIBC Private Wealth Group LLC bought a new stake in iShares Asia 50 ETF in the 3rd quarter valued at $78,000. Westwind Capital bought a new stake in iShares Asia 50 ETF in the 4th quarter valued at $120,000. Finally, Osaic Holdings Inc. raised its stake in shares of iShares Asia 50 ETF by 44.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,328 shares of the company’s stock valued at $107,000 after buying an additional 406 shares in the last quarter.

iShares Asia 50 ETF Company Profile

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.