iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Hits New 1-Year High – Time to Buy?

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) shares hit a new 52-week high on Monday . The stock traded as high as $97.55 and last traded at $97.3240, with a volume of 5051 shares traded. The stock had previously closed at $96.81.

iShares MSCI Emerging Markets Asia ETF Price Performance

The firm has a market cap of $1.63 billion, a P/E ratio of 15.31 and a beta of 0.60. The company’s 50-day simple moving average is $93.64 and its 200 day simple moving average is $89.51.

iShares MSCI Emerging Markets Asia ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $1.2044 per share. The ex-dividend date was Tuesday, December 16th. This represents a yield of 266.0%.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Asia ETF

Several large investors have recently modified their holdings of EEMA. WestEnd Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter valued at $153,151,000. Janney Montgomery Scott LLC bought a new stake in iShares MSCI Emerging Markets Asia ETF in the second quarter worth about $139,179,000. Madison Asset Management LLC lifted its stake in iShares MSCI Emerging Markets Asia ETF by 6.2% in the third quarter. Madison Asset Management LLC now owns 396,693 shares of the company’s stock worth $36,397,000 after purchasing an additional 23,101 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of iShares MSCI Emerging Markets Asia ETF by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 79,150 shares of the company’s stock valued at $6,534,000 after buying an additional 3,755 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of iShares MSCI Emerging Markets Asia ETF by 166.4% during the third quarter. BNP Paribas Financial Markets now owns 48,700 shares of the company’s stock valued at $4,468,000 after buying an additional 30,420 shares during the last quarter.

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.