iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sees Large Volume Increase – Still a Buy?

Shares of iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) saw unusually-high trading volume on Tuesday . Approximately 253,331 shares traded hands during mid-day trading, an increase of 144% from the previous session’s volume of 103,981 shares.The stock last traded at $92.7240 and had previously closed at $92.89.

iShares MSCI Emerging Markets Asia ETF Trading Down 0.0%

The stock has a 50 day simple moving average of $93.54 and a 200-day simple moving average of $87.15. The firm has a market cap of $1.55 billion, a PE ratio of 15.31 and a beta of 0.60.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EEMA. Cornerstone Planning Group LLC grew its holdings in iShares MSCI Emerging Markets Asia ETF by 27.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 752 shares of the company’s stock valued at $72,000 after buying an additional 162 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in iShares MSCI Emerging Markets Asia ETF during the second quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in iShares MSCI Emerging Markets Asia ETF in the 2nd quarter valued at $143,000. Bank of New York Mellon Corp lifted its stake in 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 purchasing an additional 3,755 shares in the last quarter. Finally, Madison Asset Management LLC lifted its stake in iShares MSCI Emerging Markets Asia ETF by 6.2% in the 3rd quarter. Madison Asset Management LLC now owns 396,693 shares of the company’s stock worth $36,397,000 after purchasing an additional 23,101 shares in the last quarter.

About iShares MSCI Emerging Markets Asia ETF

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.