iShares Asia 50 ETF (NASDAQ:AIA) Hits New 52-Week High – Here’s Why

Shares of iShares Asia 50 ETF (NASDAQ:AIA) hit a new 52-week high during trading on Thursday . The stock traded as high as $119.20 and last traded at $118.91, with a volume of 220919 shares. The stock had previously closed at $117.15.

iShares Asia 50 ETF Stock Up 1.5%

The company’s fifty day moving average price is $106.17 and its two-hundred day moving average price is $97.80. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 13.81 and a beta of 0.70.

iShares Asia 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.6251 per share. This represents a yield of 352.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of iShares Asia 50 ETF

A number of institutional investors have recently modified their holdings of AIA. Global Retirement Partners LLC boosted its holdings in iShares Asia 50 ETF by 2,650.0% during 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 during the last quarter. WealthShield Partners LLC acquired a new stake in iShares Asia 50 ETF in the 2nd quarter valued at $27,000. Kestra Advisory Services LLC bought a new stake in iShares Asia 50 ETF during the 4th quarter worth about $52,000. Assetmark Inc. bought a new stake in iShares Asia 50 ETF during the 4th quarter worth about $74,000. Finally, Arax Advisory Partners acquired a new position in shares of iShares Asia 50 ETF during the 4th quarter worth about $77,000.

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.