iShares Asia 50 ETF (NASDAQ:AIA) Reaches New 1-Year High – Here’s What Happened

iShares Asia 50 ETF (NASDAQ:AIA) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $124.42 and last traded at $124.42, with a volume of 92149 shares trading hands. The stock had previously closed at $121.85.

iShares Asia 50 ETF Stock Performance

The firm has a fifty day moving average price of $113.14 and a 200 day moving average price of $105.09. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 13.81 and a beta of 0.74.

Hedge Funds Weigh In On iShares Asia 50 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors raised its holdings in iShares Asia 50 ETF by 2.1% during the fourth quarter. Arkadios Wealth Advisors now owns 4,406 shares of the company’s stock worth $430,000 after purchasing an additional 90 shares during the last quarter. PGIM Custom Harvest LLC raised its holdings in iShares Asia 50 ETF by 5.3% during the third quarter. PGIM Custom Harvest LLC now owns 3,222 shares of the company’s stock worth $305,000 after purchasing an additional 163 shares during the last quarter. Bank of America Corp DE raised its holdings in iShares Asia 50 ETF by 1.6% during 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 during the last quarter. Global Retirement Partners LLC raised its holdings in iShares Asia 50 ETF by 2,650.0% during the fourth quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in iShares Asia 50 ETF by 5.3% during the second quarter. NewEdge Advisors LLC now owns 6,200 shares of the company’s stock worth $503,000 after purchasing an additional 313 shares during 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.