iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Stock Price Up 0.2% – Still a Buy?

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s share price rose 0.2% on Friday . The stock traded as high as $85.95 and last traded at $85.69. Approximately 27,993 shares changed hands during trading, a decline of 77% from the average daily volume of 122,861 shares. The stock had previously closed at $85.48.

iShares MSCI Emerging Markets Asia ETF Stock Up 0.2%

The stock has a market cap of $1.41 billion, a PE ratio of 15.31 and a beta of 0.69. The business has a 50 day moving average price of $83.26 and a 200 day moving average price of $77.54.

iShares MSCI Emerging Markets Asia ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were paid a $0.1845 dividend. The ex-dividend date was Monday, June 16th.

Institutional Trading of iShares MSCI Emerging Markets Asia ETF

A number of hedge funds have recently modified their holdings of EEMA. WestEnd Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter worth about $153,151,000. Janney Montgomery Scott LLC acquired a new position in iShares MSCI Emerging Markets Asia ETF in the 2nd quarter worth about $139,179,000. OLD Mission Capital LLC acquired a new position in iShares MSCI Emerging Markets Asia ETF in the 1st quarter worth about $4,564,000. JPMorgan Chase & Co. raised its holdings in iShares MSCI Emerging Markets Asia ETF by 5,529.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock worth $3,430,000 after purchasing an additional 40,810 shares during the period. Finally, Transcend Capital Advisors LLC acquired a new position in iShares MSCI Emerging Markets Asia ETF in the 2nd 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.