iShares Asia 50 ETF (NASDAQ:AIA) Sets New 52-Week High – What’s Next?

Shares of iShares Asia 50 ETF (NASDAQ:AIA) hit a new 52-week high on Monday . The company traded as high as $94.52 and last traded at $94.50, with a volume of 8600 shares changing hands. The stock had previously closed at $92.94.

iShares Asia 50 ETF Stock Performance

The stock has a fifty day simple moving average of $86.88 and a two-hundred day simple moving average of $79.17. The stock has a market cap of $954.58 million, a price-to-earnings ratio of 13.81 and a beta of 0.71.

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of large investors have recently modified their holdings of the business. LPL Financial LLC boosted its holdings in shares of iShares Asia 50 ETF by 919.0% during the 1st quarter. LPL Financial LLC now owns 54,946 shares of the company’s stock valued at $3,975,000 after acquiring an additional 49,554 shares in the last quarter. EWG Elevate Inc. bought a new stake in shares of iShares Asia 50 ETF in the 2nd quarter valued at about $3,850,000. Royal Bank of Canada grew its position in shares of iShares Asia 50 ETF by 168.7% in the 1st quarter. Royal Bank of Canada now owns 24,403 shares of the company’s stock valued at $1,766,000 after buying an additional 15,321 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares Asia 50 ETF by 11.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 132,423 shares of the company’s stock valued at $10,735,000 after buying an additional 14,134 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of iShares Asia 50 ETF in the 2nd quarter valued at about $1,117,000.

About iShares Asia 50 ETF

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.