iShares Asia 50 ETF (NASDAQ:AIA) Hits New 52-Week High – Here’s Why

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 trading hands. The stock had previously closed at $103.85.

iShares Asia 50 ETF Stock Up 1.2%

The firm has a market cap of $2.18 billion, a PE ratio of 13.81 and a beta of 0.70. The stock has a 50 day moving average price of $98.26 and a two-hundred day moving average price of $92.94.

iShares Asia 50 ETF Announces Dividend

The business also recently declared 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. The ex-dividend date was Tuesday, December 16th. This represents a yield of 352.0%.

Institutional Investors Weigh In On iShares Asia 50 ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of iShares Asia 50 ETF by 168.7% in the 1st quarter. Royal Bank of Canada now owns 24,403 shares of the company’s stock valued at $1,766,000 after acquiring an additional 15,321 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of iShares Asia 50 ETF in the first quarter worth about $355,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares Asia 50 ETF during the second quarter worth about $57,000. City Holding Co. boosted its position in iShares Asia 50 ETF by 8.9% in the second quarter. City Holding Co. now owns 3,675 shares of the company’s stock valued at $298,000 after buying an additional 300 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in iShares Asia 50 ETF by 43.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 8,600 shares of the company’s stock worth $697,000 after buying an additional 2,600 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.