iShares Asia 50 ETF (NASDAQ:AIA) Hits New 1-Year High – Time to Buy?

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

iShares Asia 50 ETF Trading Up 1.7%

The business has a 50-day simple moving average of $86.88 and a 200 day simple moving average of $79.17. The stock has a market cap of $954.58 million, a P/E ratio of 13.81 and a beta of 0.71.

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of iShares Asia 50 ETF by 12.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 23,918 shares of the company’s stock worth $1,730,000 after acquiring an additional 2,632 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Asia 50 ETF by 919.0% in the 1st quarter. LPL Financial LLC now owns 54,946 shares of the company’s stock worth $3,975,000 after acquiring an additional 49,554 shares in the last quarter. SFI Advisors LLC raised its position in shares of iShares Asia 50 ETF by 2.0% in the 1st quarter. SFI Advisors LLC now owns 44,888 shares of the company’s stock worth $3,248,000 after acquiring an additional 892 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of iShares Asia 50 ETF in the 1st quarter worth about $415,000. Finally, Glassman Wealth Services raised its position in shares of iShares Asia 50 ETF by 40.5% in the 1st quarter. Glassman Wealth Services now owns 892 shares of the company’s stock worth $65,000 after acquiring an additional 257 shares in the last quarter.

iShares Asia 50 ETF Company Profile

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.