iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Reaches New 52-Week High – Here’s What Happened

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) hit a new 52-week high on Monday . The company traded as high as $116.78 and last traded at $116.32, with a volume of 11728 shares. The stock had previously closed at $116.30.

iShares MSCI Emerging Markets Asia ETF Stock Up 0.5%

The business’s 50 day moving average is $101.94 and its two-hundred day moving average is $98.57. The firm has a market cap of $1.39 billion, a P/E ratio of 15.31 and a beta of 0.72.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Asia ETF

Hedge funds have recently bought and sold shares of the company. Cary Street Partners Financial LLC bought a new position in iShares MSCI Emerging Markets Asia ETF during the fourth quarter worth $41,000. Private Trust Co. NA raised its stake in iShares MSCI Emerging Markets Asia ETF by 226.9% during the fourth quarter. Private Trust Co. NA now owns 742 shares of the company’s stock worth $70,000 after buying an additional 515 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in iShares MSCI Emerging Markets Asia ETF by 27.5% during the third quarter. Cornerstone Planning Group LLC now owns 752 shares of the company’s stock worth $72,000 after buying an additional 162 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in iShares MSCI Emerging Markets Asia ETF by 76.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,058 shares of the company’s stock worth $287,000 after buying an additional 1,323 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of iShares MSCI Emerging Markets Asia ETF during the fourth quarter worth about $2,196,000.

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.