iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Trading Up 0.4% – Here’s Why

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s stock price rose 0.4% during trading on Wednesday . The company traded as high as $116.87 and last traded at $116.57. Approximately 35,143 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 198,267 shares. The stock had previously closed at $116.10.

iShares MSCI Emerging Markets Asia ETF Stock Up 0.4%

The stock has a market capitalization of $874.27 million, a P/E ratio of 15.31 and a beta of 0.74. The firm’s 50 day simple moving average is $114.12 and its two-hundred day simple moving average is $109.20.

iShares MSCI Emerging Markets Asia ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.3388 dividend. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EEMA. Cary Street Partners Financial LLC bought a new position in iShares MSCI Emerging Markets Asia ETF in the fourth quarter worth approximately $41,000. Cullen Frost Bankers Inc. increased its stake in iShares MSCI Emerging Markets Asia ETF by 76.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,058 shares of the company’s stock valued at $287,000 after purchasing an additional 1,323 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in iShares MSCI Emerging Markets Asia ETF during the 4th quarter valued at $2,196,000. JPMorgan Chase & Co. raised its holdings in iShares MSCI Emerging Markets Asia ETF by 5,529.8% during the second quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock worth $3,430,000 after buying an additional 40,810 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI Emerging Markets Asia ETF by 166.4% in 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 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.