iShares Asia 50 ETF (NASDAQ:AIA) Reaches New 1-Year High – Still a Buy?

iShares Asia 50 ETF (NASDAQ:AIA)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $138.84 and last traded at $138.40, with a volume of 305365 shares changing hands. The stock had previously closed at $137.44.

iShares Asia 50 ETF Stock Up 0.7%

The firm has a 50 day moving average price of $114.94 and a two-hundred day moving average price of $106.59. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 13.81 and a beta of 0.83.

Institutional Trading of iShares Asia 50 ETF

Several large investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew 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 valued at $10,735,000 after acquiring an additional 14,134 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares Asia 50 ETF by 36.8% during the fourth quarter. LPL Financial LLC now owns 93,569 shares of the company’s stock valued at $9,124,000 after acquiring an additional 25,177 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of iShares Asia 50 ETF by 46.1% during the fourth quarter. Wells Fargo & Company MN now owns 68,868 shares of the company’s stock valued at $6,715,000 after acquiring an additional 21,735 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of iShares Asia 50 ETF during the fourth quarter valued at about $5,482,000. Finally, Creative Planning acquired a new stake in shares of iShares Asia 50 ETF during the third quarter valued at about $5,217,000.

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.