iShares Asia 50 ETF (NASDAQ:AIA) Hits New 1-Year High – Here’s Why

iShares Asia 50 ETF (NASDAQ:AIA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $113.51 and last traded at $113.28, with a volume of 198525 shares changing hands. The stock had previously closed at $110.84.

iShares Asia 50 ETF Price Performance

The firm has a market capitalization of $2.32 billion, a PE ratio of 13.81 and a beta of 0.70. The company has a fifty day moving average of $102.07 and a 200-day moving average of $95.53.

iShares Asia 50 ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a dividend of $1.6251 per share. 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

Hedge funds have recently added to or reduced their stakes in the company. WealthShield Partners LLC acquired a new stake in iShares Asia 50 ETF in the second quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its holdings in 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 in the last quarter. Assetmark Inc. acquired a new position in iShares Asia 50 ETF during the fourth quarter worth $74,000. Gilpin Wealth Management LLC bought a new position in iShares Asia 50 ETF during the fourth quarter valued at about $78,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of iShares Asia 50 ETF in the third quarter worth about $78,000.

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.