iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Reaches New 52-Week High – Time to Buy?

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $87.36 and last traded at $87.18, with a volume of 1590 shares trading hands. The stock had previously closed at $86.61.

iShares MSCI Emerging Markets Asia ETF Stock Performance

The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 15.31 and a beta of 0.69. The stock’s 50 day simple moving average is $84.69 and its 200-day simple moving average is $78.81.

iShares MSCI Emerging Markets Asia ETF Cuts Dividend

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

Institutional Trading of iShares MSCI Emerging Markets Asia ETF

Hedge funds have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in iShares MSCI Emerging Markets Asia ETF during the second quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter valued at about $143,000. Transcend Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter valued at about $3,113,000. JPMorgan Chase & Co. raised its position in shares of iShares MSCI Emerging Markets Asia ETF by 5,529.8% in the second quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock valued at $3,430,000 after buying an additional 40,810 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the first quarter valued at about $4,564,000.

iShares MSCI Emerging Markets Asia ETF Company Profile

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.