iShares Asia 50 ETF (NASDAQ:AIA) Sets New 52-Week High – Here’s What Happened

Shares of iShares Asia 50 ETF (NASDAQ:AIA) reached a new 52-week high on Friday . The stock traded as high as $77.53 and last traded at $77.67, with a volume of 12496 shares. The stock had previously closed at $76.08.

iShares Asia 50 ETF Stock Performance

The business’s fifty day simple moving average is $69.88 and its 200-day simple moving average is $69.78. The firm has a market capitalization of $811.81 million, a PE ratio of 12.57 and a beta of 0.71.

iShares Asia 50 ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.5096 per share. The ex-dividend date was Tuesday, December 17th.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of institutional investors and hedge funds have recently modified their holdings of AIA. Activest Wealth Management purchased a new stake in iShares Asia 50 ETF during the 3rd quarter valued at $35,000. Finley Financial LLC bought a new position in iShares Asia 50 ETF during the fourth quarter valued at $59,000. Aviso Financial Inc. raised its stake in shares of iShares Asia 50 ETF by 97.3% in the fourth quarter. Aviso Financial Inc. now owns 1,385 shares of the company’s stock valued at $94,000 after acquiring an additional 683 shares during the period. Bank of Montreal Can boosted its stake in shares of iShares Asia 50 ETF by 8.3% during the 4th quarter. Bank of Montreal Can now owns 4,558 shares of the company’s stock worth $309,000 after purchasing an additional 349 shares during the period. Finally, West Oak Capital LLC lifted its stake in iShares Asia 50 ETF by 1,433.3% in the fourth quarter. West Oak Capital LLC now owns 4,600 shares of the company’s stock worth $312,000 after purchasing an additional 4,300 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.