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

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) saw an uptick in trading volume on Monday . 265,449 shares traded hands during mid-day trading, an increase of 197% from the previous session’s volume of 89,408 shares.The stock last traded at $104.76 and had previously closed at $106.14.

iShares MSCI Emerging Markets Asia ETF Stock Performance

The firm has a 50-day moving average of $98.53 and a 200-day moving average of $93.83. The firm has a market capitalization of $1.77 billion, a P/E ratio of 15.31 and a beta of 0.60.

iShares MSCI Emerging Markets Asia ETF Announces Dividend

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

Institutional Trading of iShares MSCI Emerging Markets Asia ETF

A number of institutional investors have recently made changes to their positions in EEMA. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter worth approximately $26,000. Cary Street Partners Financial LLC purchased a new stake in iShares MSCI Emerging Markets Asia ETF in the fourth quarter worth approximately $41,000. Private Trust Co. NA grew its position in iShares MSCI Emerging Markets Asia ETF by 226.9% in the 4th quarter. Private Trust Co. NA now owns 742 shares of the company’s stock worth $70,000 after purchasing an additional 515 shares during the period. Cornerstone Planning Group LLC grew its position in iShares MSCI Emerging Markets Asia ETF by 27.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 752 shares of the company’s stock worth $72,000 after purchasing an additional 162 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI Emerging Markets Asia ETF during the 2nd quarter valued at $143,000.

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.