iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Reaches New 1-Year High – Here’s Why

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) 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 Stock Performance

The firm has a market capitalization of $1.45 billion, a P/E ratio of 15.31 and a beta of 0.73. The business has a fifty day moving average of $112.66 and a 200-day moving average of $103.28.

iShares MSCI Emerging Markets Asia ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.3388 per share. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EEMA. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI Emerging Markets Asia ETF during the fourth quarter valued at $41,000. Private Trust Co. NA lifted its holdings in iShares MSCI Emerging Markets Asia ETF by 226.9% in the fourth quarter. Private Trust Co. NA now owns 742 shares of the company’s stock worth $70,000 after purchasing an additional 515 shares during the period. 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 valued at $287,000 after buying an additional 1,323 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in iShares MSCI Emerging Markets Asia ETF in the 4th quarter valued at about $2,196,000. Finally, JPMorgan Chase & Co. increased its stake in iShares MSCI Emerging Markets Asia ETF by 5,529.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock valued at $3,430,000 after buying an additional 40,810 shares during the period.

iShares MSCI Emerging Markets Asia ETF Company Profile

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.