iShares Asia 50 ETF (NASDAQ:AIA) Sets New 1-Year High – Still a Buy?

iShares Asia 50 ETF (NASDAQ:AIA) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $139.70 and last traded at $139.70, with a volume of 14415 shares changing hands. The stock had previously closed at $135.42.

iShares Asia 50 ETF Stock Up 4.1%

The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 13.81 and a beta of 0.83. The stock has a fifty day moving average of $119.61 and a 200-day moving average of $109.08.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors increased its position in shares of iShares Asia 50 ETF by 2.1% in the fourth quarter. Arkadios Wealth Advisors now owns 4,406 shares of the company’s stock valued at $430,000 after buying an additional 90 shares in the last quarter. PGIM Custom Harvest LLC increased its position in shares of 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 valued at $305,000 after buying an additional 163 shares in the last quarter. Assetmark Inc. increased its position in shares of iShares Asia 50 ETF by 23.5% in the first quarter. Assetmark Inc. now owns 942 shares of the company’s stock valued at $100,000 after buying an additional 179 shares in the last quarter. Bank of America Corp DE increased its position in shares of 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 valued at $1,078,000 after buying an additional 204 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of iShares Asia 50 ETF by 2,650.0% in the fourth quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock valued at $27,000 after buying an additional 265 shares in the last quarter.

iShares Asia 50 ETF Company Profile

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.