iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sets New 1-Year High – Should You Buy?

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $100.10 and last traded at $99.9990, with a volume of 19703 shares. The stock had previously closed at $99.39.

iShares MSCI Emerging Markets Asia ETF Price Performance

The firm has a 50 day simple moving average of $94.40 and a two-hundred day simple moving average of $90.95. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 15.31 and a beta of 0.60.

iShares MSCI Emerging Markets Asia ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $1.2044 dividend. This represents a dividend yield of 266.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Investors Weigh In On iShares MSCI Emerging Markets Asia ETF

Several large investors have recently bought and sold shares of EEMA. Janney Montgomery Scott LLC bought a new position in shares of iShares MSCI Emerging Markets Asia ETF during the second quarter worth $139,179,000. WestEnd Advisors LLC acquired a new stake in iShares MSCI Emerging Markets Asia ETF during the 2nd quarter worth $153,151,000. Cullen Frost Bankers Inc. acquired a new stake in iShares MSCI Emerging Markets Asia ETF during the 2nd quarter worth $143,000. Transcend Capital Advisors LLC bought a new position in iShares MSCI Emerging Markets Asia ETF during the second quarter worth about $3,113,000. Finally, Bank of New York Mellon Corp grew its stake in iShares MSCI Emerging Markets Asia ETF by 5.0% in 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 acquiring an additional 3,755 shares during the period.

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.