Invesco Asia Dragon Trust (LON:IAD) Hits New 1-Year High – Here’s Why

Invesco Asia Dragon Trust (LON:IAD) reached a new 52-week high during mid-day trading on Friday. The stock traded as high as GBX 520 and last traded at GBX 518, with a volume of 2211 shares trading hands. The stock had previously closed at GBX 506.

Invesco Asia Dragon Trust Stock Performance

The firm has a market cap of £1.01 billion and a P/E ratio of 3.66. The stock’s 50 day simple moving average is GBX 492.22 and its 200 day simple moving average is GBX 473.93.

Invesco Asia Dragon Trust (LON:IAD) last issued its earnings results on Wednesday, July 22nd. The company reported GBX 9.83 EPS for the quarter.

Insider Transactions at Invesco Asia Dragon Trust

In other news, insider Sonya Huen Rogerson bought 10,253 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was bought at an average cost of GBX 505 per share, for a total transaction of £51,777.65. Also, insider Nicole Yuen acquired 1,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was acquired at an average price of GBX 503 per share, with a total value of £5,030. Over the last quarter, insiders have bought 13,253 shares of company stock valued at $6,688,765. 0.22% of the stock is currently owned by company insiders.

About Invesco Asia Dragon Trust

Invesco Asia Dragon Trust plc (LON: IAD) is a closed‑end investment trust listed on the London Stock Exchange that provides investors with exposure to equity markets across the Asia and Asia‑Pacific region. The trust is managed by investment teams within Invesco, offering a vehicle for institutional and retail investors to gain diversified access to companies across a range of industries in the region through a single listed security.

The trust’s primary activity is active portfolio management of Asian equities with the objective of long‑term capital growth.