iShares Asia 50 ETF (NASDAQ:AIA) Hits New 1-Year High – Here’s Why

Shares of iShares Asia 50 ETF (NASDAQ:AIA) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $115.41 and last traded at $115.5080, with a volume of 44202 shares trading hands. The stock had previously closed at $113.39.

iShares Asia 50 ETF Trading Up 2.0%

The firm has a market capitalization of $2.37 billion, a PE ratio of 13.81 and a beta of 0.70. The business has a 50-day moving average of $104.33 and a 200 day moving average of $96.80.

iShares Asia 50 ETF Announces Dividend

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

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of institutional investors have recently added to or reduced their stakes in AIA. Global Retirement Partners LLC increased its stake in iShares Asia 50 ETF by 2,650.0% in the 4th quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock valued at $27,000 after buying an additional 265 shares during the last quarter. WealthShield Partners LLC bought a new position in shares of iShares Asia 50 ETF in the second quarter valued at approximately $27,000. Kestra Advisory Services LLC purchased a new stake in shares of iShares Asia 50 ETF during the fourth quarter valued at approximately $52,000. Assetmark Inc. bought a new stake in iShares Asia 50 ETF during the fourth quarter worth $74,000. Finally, Arax Advisory Partners bought a new stake in iShares Asia 50 ETF during the fourth quarter worth $77,000.

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.