iShares Asia 50 ETF (NASDAQ:AIA) Reaches New 1-Year High – Should You Buy?

iShares Asia 50 ETF (NASDAQ:AIA) reached a new 52-week high on Wednesday . The stock traded as high as $106.38 and last traded at $106.62, with a volume of 106182 shares. The stock had previously closed at $103.85.

iShares Asia 50 ETF Stock Up 2.2%

The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 13.81 and a beta of 0.70. The company has a 50-day moving average price of $97.93 and a 200 day moving average price of $92.75.

iShares Asia 50 ETF Announces Dividend

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

Hedge Funds Weigh In On iShares Asia 50 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PGIM Custom Harvest LLC grew its position in iShares Asia 50 ETF by 5.3% in the third quarter. PGIM Custom Harvest LLC now owns 3,222 shares of the company’s stock worth $305,000 after acquiring an additional 163 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares Asia 50 ETF by 1.6% in the second quarter. Bank of America Corp DE now owns 13,304 shares of the company’s stock worth $1,078,000 after purchasing an additional 204 shares in the last quarter. City Holding Co. increased its position in iShares Asia 50 ETF by 8.9% during the second quarter. City Holding Co. now owns 3,675 shares of the company’s stock worth $298,000 after buying an additional 300 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in shares of iShares Asia 50 ETF by 2.2% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 14,092 shares of the company’s stock valued at $1,333,000 after acquiring an additional 309 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of iShares Asia 50 ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 6,200 shares of the company’s stock valued at $503,000 after purchasing an additional 313 shares during the period.

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.