iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Reaches New 12-Month High – What’s Next?

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $87.36 and last traded at $87.18, with a volume of 1590 shares. The stock had previously closed at $86.61.

iShares MSCI Emerging Markets Asia ETF Stock Performance

The business’s 50 day moving average is $84.90 and its 200 day moving average is $78.95. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 15.31 and a beta of 0.69.

iShares MSCI Emerging Markets Asia ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were paid a $0.1845 dividend. The ex-dividend date of this dividend was Monday, June 16th.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Asia ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EEMA. Twin Peaks Wealth Advisors LLC acquired a new position in iShares MSCI Emerging Markets Asia ETF in the 2nd quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF during the 2nd quarter valued at $143,000. Transcend Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF during the 2nd quarter valued at $3,113,000. JPMorgan Chase & Co. boosted its stake in shares of iShares MSCI Emerging Markets Asia ETF by 5,529.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock valued at $3,430,000 after buying an additional 40,810 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF during the 1st quarter valued at $4,564,000.

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.