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

Shares of iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) hit a new 52-week high during trading on Monday . The stock traded as high as $97.55 and last traded at $97.3240, with a volume of 5051 shares trading hands. The stock had previously closed at $96.81.

iShares MSCI Emerging Markets Asia ETF Stock Down 0.9%

The firm has a 50-day moving average price of $93.70 and a two-hundred day moving average price of $89.77. The company has a market capitalization of $1.63 billion, a P/E ratio of 15.31 and a beta of 0.60.

iShares MSCI Emerging Markets Asia ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $1.2044 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 266.0%.

Institutional Investors Weigh In On iShares MSCI Emerging Markets Asia ETF

Institutional investors have recently modified their holdings of the business. WestEnd Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter valued at approximately $153,151,000. Janney Montgomery Scott LLC acquired a new position in iShares MSCI Emerging Markets Asia ETF in the 2nd quarter worth $139,179,000. JPMorgan Chase & Co. increased its holdings in iShares MSCI Emerging Markets Asia ETF by 5,529.8% during 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 in the last quarter. Transcend Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the 2nd quarter valued at about $3,113,000. Finally, BNP Paribas Financial Markets raised its stake in shares of iShares MSCI Emerging Markets Asia ETF by 166.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 48,700 shares of the company’s stock valued at $4,468,000 after purchasing an additional 30,420 shares during the period.

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.