iShares Asia 50 ETF (NASDAQ:AIA) Hits New 52-Week High – Still a Buy?

iShares Asia 50 ETF (NASDAQ:AIA) reached a new 52-week high on Monday . The company traded as high as $104.85 and last traded at $105.0350, with a volume of 32916 shares trading hands. The stock had previously closed at $104.12.

iShares Asia 50 ETF Stock Up 1.7%

The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 13.81 and a beta of 0.70. The company’s 50-day moving average is $97.01 and its 200-day moving average is $91.58.

iShares Asia 50 ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $1.6251 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 352.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AIA. Royal Bank of Canada grew its holdings in shares of iShares Asia 50 ETF by 168.7% in the 1st quarter. Royal Bank of Canada now owns 24,403 shares of the company’s stock worth $1,766,000 after purchasing an additional 15,321 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in iShares Asia 50 ETF in the first quarter valued at about $355,000. Redhawk Wealth Advisors Inc. acquired a new position in iShares Asia 50 ETF in the second quarter valued at about $1,117,000. Farther Finance Advisors LLC bought a new stake in iShares Asia 50 ETF during the second quarter worth about $57,000. Finally, EWG Elevate Inc. acquired a new stake in shares of iShares Asia 50 ETF during the second quarter worth approximately $3,850,000.

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.