iShares Asia 50 ETF (NASDAQ:AIA) Hits New 12-Month High – Should You Buy?

iShares Asia 50 ETF (NASDAQ:AIA) reached a new 52-week high on Friday . The stock traded as high as $101.42 and last traded at $101.1620, with a volume of 34970 shares changing hands. The stock had previously closed at $97.51.

iShares Asia 50 ETF Price Performance

The business has a 50-day simple moving average of $96.53 and a 200 day simple moving average of $90.39. The firm has a market cap of $1.50 billion, a PE ratio of 13.81 and a beta of 0.70.

iShares Asia 50 ETF Announces Dividend

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

Institutional Trading of iShares Asia 50 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AIA. Creative Planning purchased a new position in shares of iShares Asia 50 ETF during the 3rd quarter valued at $5,217,000. Stratos Wealth Partners LTD. purchased a new stake in iShares Asia 50 ETF in the 3rd quarter worth $4,518,000. EWG Elevate Inc. bought a new stake in iShares Asia 50 ETF during the second quarter valued at about $3,850,000. Bank of America Corp DE raised its holdings in iShares Asia 50 ETF by 274.1% during the third quarter. Bank of America Corp DE now owns 49,766 shares of the company’s stock valued at $4,708,000 after acquiring an additional 36,462 shares during the period. Finally, Objectivity Squared LLC lifted its position in shares of iShares Asia 50 ETF by 285.9% in the third quarter. Objectivity Squared LLC now owns 23,802 shares of the company’s stock valued at $2,252,000 after acquiring an additional 17,634 shares in the last quarter.

About iShares Asia 50 ETF

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.