Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Stock Price Down 0.6% – Time to Sell?

Shares of Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) were down 0.6% during mid-day trading on Thursday . The company traded as low as $19.71 and last traded at $19.75. Approximately 24,483 shares traded hands during trading, a decline of 53% from the average daily volume of 51,860 shares. The stock had previously closed at $19.86.

Global X FTSE Southeast Asia ETF Price Performance

The stock has a market capitalization of $96.48 million, a PE ratio of 12.26 and a beta of 0.43. The stock has a 50 day moving average of $19.54 and a two-hundred day moving average of $18.99.

Institutional Investors Weigh In On Global X FTSE Southeast Asia ETF

Hedge funds have recently modified their holdings of the company. EFG International AG acquired a new position in shares of Global X FTSE Southeast Asia ETF in the fourth quarter valued at approximately $39,000. Colonial Trust Advisors acquired a new stake in Global X FTSE Southeast Asia ETF during the fourth quarter worth approximately $56,000. Kestra Advisory Services LLC acquired a new stake in Global X FTSE Southeast Asia ETF during the fourth quarter worth approximately $57,000. TD Waterhouse Canada Inc. acquired a new stake in Global X FTSE Southeast Asia ETF during the fourth quarter worth approximately $80,000. Finally, Bank of America Corp DE grew its stake in Global X FTSE Southeast Asia ETF by 90.6% in the 2nd quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock worth $122,000 after acquiring an additional 3,548 shares during the period.

Global X FTSE Southeast Asia ETF Company Profile

The Global X FTSE Southeast Asia ETF (ASEA) is an exchange-traded fund that is based on the FTSE\u002FASEAN 40 INDEX index. The fund tracks a market-cap weighted and -selected index of the 40 largest and most liquid stocks from Singapore, Malaysia, Indonesia, Thailand and the Philippines. ASEA was launched on Feb 17, 2011 and is managed by Global X.