iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sets New 12-Month High – Still a Buy?

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

iShares MSCI Emerging Markets Asia ETF Stock Up 0.9%

The company has a market cap of $1.63 billion, a PE ratio of 15.31 and a beta of 0.60. The business’s fifty day moving average is $93.64 and its 200-day moving average is $89.51.

iShares MSCI Emerging Markets Asia ETF Dividend Announcement

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

Institutional Trading of iShares MSCI Emerging Markets Asia ETF

Hedge funds have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter worth about $26,000. Cornerstone Planning Group LLC boosted its position in shares of iShares MSCI Emerging Markets Asia ETF by 27.5% in the third quarter. Cornerstone Planning Group LLC now owns 752 shares of the company’s stock worth $72,000 after purchasing an additional 162 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter worth approximately $143,000. Transcend Capital Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter worth $3,113,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI Emerging Markets Asia ETF by 5,529.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock valued at $3,430,000 after buying an additional 40,810 shares in 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.