iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) Hits New 12-Month High – Time to Buy?

iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $117.99 and last traded at $117.59, with a volume of 299088 shares changing hands. The stock had previously closed at $117.50.

iShares MSCI All Country Asia ex Japan ETF Trading Up 2.7%

The firm has a market cap of $4.11 billion, a P/E ratio of 15.30 and a beta of 0.70. The firm has a 50-day simple moving average of $103.20 and a 200-day simple moving average of $99.05.

Institutional Trading of iShares MSCI All Country Asia ex Japan ETF

Several hedge funds have recently modified their holdings of AAXJ. J.Safra Asset Management Corp raised its stake in shares of iShares MSCI All Country Asia ex Japan ETF by 3.4% during the 3rd quarter. J.Safra Asset Management Corp now owns 807,249 shares of the exchange traded fund’s stock worth $73,637,000 after acquiring an additional 26,339 shares in the last quarter. Climber Capital SA acquired a new stake in iShares MSCI All Country Asia ex Japan ETF in the fourth quarter valued at approximately $2,746,000. Russell Investments Group Ltd. boosted its stake in iShares MSCI All Country Asia ex Japan ETF by 81.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,827 shares of the exchange traded fund’s stock valued at $263,000 after acquiring an additional 1,270 shares in the last quarter. Pragma Gestao DE Patrimonio Ltd. boosted its stake in iShares MSCI All Country Asia ex Japan ETF by 10.2% in the fourth quarter. Pragma Gestao DE Patrimonio Ltd. now owns 665,400 shares of the exchange traded fund’s stock valued at $61,962,000 after acquiring an additional 61,400 shares in the last quarter. Finally, Rathbones Group PLC boosted its stake in iShares MSCI All Country Asia ex Japan ETF by 9.8% in the fourth quarter. Rathbones Group PLC now owns 23,300 shares of the exchange traded fund’s stock valued at $2,170,000 after acquiring an additional 2,070 shares in the last quarter.

About iShares MSCI All Country Asia ex Japan ETF

iShares MSCI All Country Asia ex Japan ETF (the Fund), formerly The iShares MSCI All Country Asia ex Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, of the MSCI All Country Asia ex Japan Index (the Index). The Index is a free-float adjusted market capitalization index designed to measure equity market performance of the 12 countries, such as Australia, China, Honk Kong, India, Indonesia, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan and Thailand.