iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Reaches New 12-Month High – Should You Buy?

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMAGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $122.73 and last traded at $121.71, with a volume of 7353 shares. The stock had previously closed at $120.59.

iShares MSCI Emerging Markets Asia ETF Trading Up 0.8%

The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 15.31 and a beta of 0.73. The stock has a 50-day moving average of $112.66 and a 200-day moving average of $103.28.

iShares MSCI Emerging Markets Asia ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.3388 dividend. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Asia ETF

Institutional investors have recently modified their holdings of the company. AdvisorShares Investments LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the 1st quarter worth about $15,916,000. JPMorgan Chase & Co. boosted its stake in iShares MSCI Emerging Markets Asia ETF by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 41,983 shares of the company’s stock valued at $3,947,000 after purchasing an additional 734 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in iShares MSCI Emerging Markets Asia ETF in the 4th quarter worth about $2,196,000. Cary Street Partners Financial LLC bought a new position in iShares MSCI Emerging Markets Asia ETF in the 4th quarter worth about $41,000. Finally, Cullen Frost Bankers Inc. grew its position in iShares MSCI Emerging Markets Asia ETF by 76.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 3,058 shares of the company’s stock worth $287,000 after purchasing an additional 1,323 shares during the last quarter.

iShares MSCI Emerging Markets Asia ETF Company Profile

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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.

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