iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Hits New 52-Week High – Here’s Why

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $102.41 and last traded at $102.37, with a volume of 83613 shares traded. The stock had previously closed at $100.48.

iShares MSCI Emerging Markets Asia ETF Stock Up 1.9%

The firm has a market capitalization of $1.71 billion, a PE ratio of 15.31 and a beta of 0.60. The business’s fifty day moving average price is $94.97 and its 200 day moving average price is $91.52.

iShares MSCI Emerging Markets Asia ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI Emerging Markets Asia ETF

Several large investors have recently modified their holdings of the stock. WestEnd Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF during the second quarter worth $153,151,000. Janney Montgomery Scott LLC acquired a new position in iShares MSCI Emerging Markets Asia ETF in the 2nd quarter valued at $139,179,000. Madison Asset Management LLC raised its position in iShares MSCI Emerging Markets Asia ETF by 6.2% during the 3rd quarter. Madison Asset Management LLC now owns 396,693 shares of the company’s stock worth $36,397,000 after buying an additional 23,101 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of iShares MSCI Emerging Markets Asia ETF by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 79,150 shares of the company’s stock worth $6,534,000 after acquiring an additional 3,755 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of iShares MSCI Emerging Markets Asia ETF by 166.4% in the third quarter. BNP Paribas Financial Markets now owns 48,700 shares of the company’s stock valued at $4,468,000 after acquiring an additional 30,420 shares in the last quarter.

iShares MSCI Emerging Markets Asia ETF Company Profile

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.