iShares Asia 50 ETF (NASDAQ:AIA) Reaches New 52-Week High – What’s Next?

iShares Asia 50 ETF (NASDAQ:AIA)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $75.22 and last traded at $74.88, with a volume of 8101 shares changing hands. The stock had previously closed at $73.43.

iShares Asia 50 ETF Trading Down 1.1 %

The business’s fifty day moving average price is $67.10 and its 200-day moving average price is $65.57. The company has a market capitalization of $1.46 billion, a P/E ratio of 12.57 and a beta of 0.71.

Institutional Investors Weigh In On iShares Asia 50 ETF

Several hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC lifted its holdings in shares of iShares Asia 50 ETF by 147.2% in the 1st quarter. OLD Mission Capital LLC now owns 214,209 shares of the company’s stock worth $13,005,000 after acquiring an additional 127,571 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares Asia 50 ETF in the first quarter worth $6,847,000. Flow Traders U.S. LLC boosted its position in iShares Asia 50 ETF by 44.0% during the first quarter. Flow Traders U.S. LLC now owns 230,957 shares of the company’s stock valued at $14,021,000 after buying an additional 70,559 shares during the period. StoneX Group Inc. bought a new position in shares of iShares Asia 50 ETF during the first quarter valued at about $4,177,000. Finally, Bank of Montreal Can increased its holdings in shares of iShares Asia 50 ETF by 1,142.7% in the second quarter. Bank of Montreal Can now owns 47,159 shares of the company’s stock worth $3,206,000 after buying an additional 43,364 shares during the period.

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.