iShares Asia 50 ETF (NASDAQ:AIA) Hits New 52-Week High – Time to Buy?

iShares Asia 50 ETF (NASDAQ:AIA) shares hit a new 52-week high on Friday . The company traded as high as $77.53 and last traded at $77.67, with a volume of 12496 shares changing hands. The stock had previously closed at $76.08.

iShares Asia 50 ETF Trading Up 1.0 %

The stock has a market capitalization of $806.61 million, a price-to-earnings ratio of 12.57 and a beta of 0.71. The firm has a 50-day moving average of $70.00 and a 200-day moving average of $69.88.

iShares Asia 50 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $1.5096 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of institutional investors and hedge funds have recently modified their holdings of AIA. Activest Wealth Management acquired a new position in iShares Asia 50 ETF in the 3rd quarter worth approximately $35,000. Finley Financial LLC purchased a new stake in shares of iShares Asia 50 ETF in the 4th quarter valued at $59,000. Aviso Financial Inc. boosted its holdings in shares of iShares Asia 50 ETF by 97.3% in the 4th quarter. Aviso Financial Inc. now owns 1,385 shares of the company’s stock valued at $94,000 after acquiring an additional 683 shares during the last quarter. Bank of Montreal Can increased its stake in shares of iShares Asia 50 ETF by 8.3% in the fourth quarter. Bank of Montreal Can now owns 4,558 shares of the company’s stock worth $309,000 after acquiring an additional 349 shares during the period. Finally, West Oak Capital LLC raised its holdings in shares of iShares Asia 50 ETF by 1,433.3% during the fourth quarter. West Oak Capital LLC now owns 4,600 shares of the company’s stock worth $312,000 after purchasing an additional 4,300 shares during the last quarter.

About iShares Asia 50 ETF

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.