iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Hits New 1-Year High – Still a Buy?

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $117.05 and last traded at $117.05, with a volume of 7017 shares changing hands. The stock had previously closed at $113.01.

iShares MSCI Emerging Markets Asia ETF Price Performance

The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 15.31 and a beta of 0.72. The business has a 50 day simple moving average of $105.58 and a 200 day simple moving average of $100.40.

Institutional Trading of iShares MSCI Emerging Markets Asia ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC bought a new position in iShares MSCI Emerging Markets Asia ETF during the fourth quarter worth $41,000. Private Trust Co. NA lifted its position in shares of 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 buying an additional 515 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of 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 buying an additional 162 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of iShares MSCI Emerging Markets Asia ETF by 76.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 3,058 shares of the company’s stock valued at $287,000 after buying an additional 1,323 shares during the period. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of iShares MSCI Emerging Markets Asia ETF in the 4th quarter valued at about $2,196,000.

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.