iShares Asia 50 ETF (NASDAQ:AIA) Hits New 1-Year High – What’s Next?

iShares Asia 50 ETF (NASDAQ:AIA)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $119.20 and last traded at $118.91, with a volume of 220919 shares changing hands. The stock had previously closed at $117.15.

iShares Asia 50 ETF Stock Performance

The firm has a fifty day moving average price of $106.17 and a 200 day moving average price of $97.80. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 13.81 and a beta of 0.70.

iShares Asia 50 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 given a $1.6251 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 352.0%.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of large investors have recently made changes to their positions in the company. Arkadios Wealth Advisors grew its stake in shares of iShares Asia 50 ETF by 2.1% in the fourth quarter. Arkadios Wealth Advisors now owns 4,406 shares of the company’s stock valued at $430,000 after acquiring an additional 90 shares in the last quarter. PGIM Custom Harvest LLC lifted its position in shares of iShares Asia 50 ETF by 5.3% during the 3rd quarter. PGIM Custom Harvest LLC now owns 3,222 shares of the company’s stock valued at $305,000 after acquiring an additional 163 shares during the period. Bank of America Corp DE grew its holdings in shares of iShares Asia 50 ETF by 1.6% during the 2nd quarter. Bank of America Corp DE now owns 13,304 shares of the company’s stock worth $1,078,000 after purchasing an additional 204 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of iShares Asia 50 ETF by 2,650.0% in the fourth quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the period. Finally, Redhawk Wealth Advisors Inc. raised its stake in iShares Asia 50 ETF by 2.2% in the third quarter. Redhawk Wealth Advisors Inc. now owns 14,092 shares of the company’s stock valued at $1,333,000 after purchasing an additional 309 shares in the last quarter.

iShares Asia 50 ETF Company Profile

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.