iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sees Strong Trading Volume – What’s Next?

Shares of iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) saw unusually-high trading volume on Tuesday . Approximately 333,765 shares traded hands during mid-day trading, an increase of 213% from the previous session’s volume of 106,503 shares.The stock last traded at $94.9610 and had previously closed at $96.49.

iShares MSCI Emerging Markets Asia ETF Stock Performance

The company has a market cap of $1.57 billion, a P/E ratio of 15.31 and a beta of 0.60. The company has a fifty day moving average price of $92.02 and a two-hundred day moving average price of $84.80.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Asia ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new position in iShares MSCI Emerging Markets Asia ETF during the second quarter worth about $26,000. Cornerstone Planning Group LLC grew its holdings in iShares MSCI Emerging Markets Asia ETF by 27.5% during 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 iShares MSCI Emerging Markets Asia ETF during the second quarter worth about $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, JPMorgan Chase & Co. grew 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 purchasing an additional 40,810 shares during the period.

iShares MSCI Emerging Markets Asia ETF Company Profile

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.