iShares Asia 50 ETF (NASDAQ:AIA) Reaches New 52-Week High – Time to Buy?

iShares Asia 50 ETF (NASDAQ:AIA)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $139.70 and last traded at $139.70, with a volume of 14415 shares trading hands. The stock had previously closed at $135.42.

iShares Asia 50 ETF Trading Up 0.8%

The stock has a 50 day simple moving average of $120.88 and a 200-day simple moving average of $109.68. The firm has a market capitalization of $4.69 billion, a P/E ratio of 13.81 and a beta of 0.83.

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of large investors have recently made changes to their positions in AIA. Royal Bank of Canada grew its stake in shares of iShares Asia 50 ETF by 168.7% during the 1st quarter. Royal Bank of Canada now owns 24,403 shares of the company’s stock valued at $1,766,000 after purchasing an additional 15,321 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of iShares Asia 50 ETF during the 1st quarter valued at about $355,000. NewEdge Advisors LLC grew its stake in shares of iShares Asia 50 ETF by 5.3% during the 2nd quarter. NewEdge Advisors LLC now owns 6,200 shares of the company’s stock valued at $503,000 after purchasing an additional 313 shares during the period. Raymond James Financial Inc. grew its stake in shares of iShares Asia 50 ETF by 7.6% during the 2nd quarter. Raymond James Financial Inc. now owns 13,700 shares of the company’s stock valued at $1,110,000 after purchasing an additional 966 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of iShares Asia 50 ETF by 11.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 132,423 shares of the company’s stock valued at $10,735,000 after purchasing an additional 14,134 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.