Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA – Get Free Report) dropped 0.5% during mid-day trading on Monday . The stock traded as low as $19.38 and last traded at $19.45. Approximately 19,690 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 48,391 shares. The stock had previously closed at $19.54.
Global X FTSE Southeast Asia ETF Stock Down 0.5%
The company’s 50-day moving average price is $19.73 and its 200-day moving average price is $19.32. The firm has a market cap of $94.92 million, a price-to-earnings ratio of 12.26 and a beta of 0.43.
Hedge Funds Weigh In On Global X FTSE Southeast Asia ETF
Several hedge funds and other institutional investors have recently modified their holdings of the business. ES4 LLC lifted its stake in shares of Global X FTSE Southeast Asia ETF by 2.0% in the first quarter. ES4 LLC now owns 33,130 shares of the company’s stock worth $644,000 after buying an additional 642 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Global X FTSE Southeast Asia ETF by 13.1% in the third quarter. Bank of America Corp DE now owns 8,443 shares of the company’s stock worth $144,000 after buying an additional 980 shares in the last quarter. EFG International AG purchased a new position in shares of Global X FTSE Southeast Asia ETF in the fourth quarter worth about $39,000. Algorithmic Investment Models LLC lifted its stake in shares of Global X FTSE Southeast Asia ETF by 5.0% in the third quarter. Algorithmic Investment Models LLC now owns 62,762 shares of the company’s stock worth $1,073,000 after buying an additional 2,961 shares in the last quarter. Finally, Colonial Trust Advisors purchased a new position in shares of Global X FTSE Southeast Asia ETF in the fourth quarter worth about $56,000.
About Global X FTSE Southeast Asia ETF
The Global X FTSE Southeast Asia ETF (ASEA) is an exchange-traded fund that is based on the FTSE\u002FASEAN 40 INDEX index. The fund tracks a market-cap weighted and -selected index of the 40 largest and most liquid stocks from Singapore, Malaysia, Indonesia, Thailand and the Philippines. ASEA was launched on Feb 17, 2011 and is managed by Global X.
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