iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Reaches New 1-Year High – Here’s Why

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) reached a new 52-week high on Monday . The stock traded as high as $98.88 and last traded at $98.9290, with a volume of 6576 shares changing hands. The stock had previously closed at $98.04.

iShares MSCI Emerging Markets Asia ETF Price Performance

The firm has a market cap of $1.66 billion, a PE ratio of 15.31 and a beta of 0.60. The company’s 50 day moving average price is $93.78 and its 200 day moving average price is $90.11.

iShares MSCI Emerging Markets Asia ETF Dividend Announcement

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

Institutional Trading of iShares MSCI Emerging Markets Asia ETF

Several hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new position in iShares MSCI Emerging Markets Asia ETF in the second quarter valued at $143,000. WestEnd Advisors LLC acquired a new stake in iShares MSCI Emerging Markets Asia ETF in the 2nd quarter valued at about $153,151,000. Janney Montgomery Scott LLC acquired a new stake in iShares MSCI Emerging Markets Asia ETF in the 2nd quarter valued at about $139,179,000. Bank of New York Mellon Corp boosted its stake in shares of iShares MSCI Emerging Markets Asia ETF by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 79,150 shares of the company’s stock valued at $6,534,000 after buying an additional 3,755 shares during the period. Finally, Transcend Capital Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets Asia ETF during the second quarter worth about $3,113,000.

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.