iShares Asia 50 ETF (NASDAQ:AIA) Hits New 1-Year High – Time to Buy?

iShares Asia 50 ETF (NASDAQ:AIA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $106.38 and last traded at $106.62, with a volume of 106182 shares changing hands. The stock had previously closed at $103.85.

iShares Asia 50 ETF Stock Performance

The business has a 50-day moving average of $97.93 and a 200 day moving average of $92.75. The stock has a market cap of $2.14 billion, a PE ratio of 13.81 and a beta of 0.70.

iShares Asia 50 ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $1.6251 per share. This represents a yield of 352.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of iShares Asia 50 ETF

Several large investors have recently added to or reduced their stakes in AIA. Ameriprise Financial Inc. lifted its stake in shares of iShares Asia 50 ETF by 11.9% during the second quarter. Ameriprise Financial Inc. now owns 132,423 shares of the company’s stock worth $10,735,000 after purchasing an additional 14,134 shares in the last quarter. Creative Planning purchased a new stake in shares of iShares Asia 50 ETF during the 3rd quarter valued at about $5,217,000. EWG Elevate Inc. lifted its position in iShares Asia 50 ETF by 9.8% during the 3rd quarter. EWG Elevate Inc. now owns 52,163 shares of the company’s stock worth $4,935,000 after acquiring an additional 4,663 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares Asia 50 ETF by 274.1% in the 3rd quarter. Bank of America Corp DE now owns 49,766 shares of the company’s stock worth $4,708,000 after acquiring an additional 36,462 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in iShares Asia 50 ETF in the third quarter valued at approximately $4,518,000.

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.