iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sets New 52-Week High – Here’s What Happened

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $117.05 and last traded at $117.05, with a volume of 7017 shares trading hands. The stock had previously closed at $113.01.

iShares MSCI Emerging Markets Asia ETF Stock Performance

The stock’s 50 day moving average price is $104.82 and its 200 day moving average price is $100.08. The company has a market capitalization of $1.39 billion, a P/E ratio of 15.31 and a beta of 0.72.

Institutional Investors Weigh In On iShares MSCI Emerging Markets Asia ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Madison Asset Management LLC grew its holdings in iShares MSCI Emerging Markets Asia ETF by 6.2% in the 3rd quarter. Madison Asset Management LLC now owns 396,693 shares of the company’s stock worth $36,397,000 after acquiring an additional 23,101 shares during the last quarter. AdvisorShares Investments LLC bought a new position in iShares MSCI Emerging Markets Asia ETF during the 1st quarter valued at about $15,916,000. BNP Paribas Financial Markets lifted its stake in iShares MSCI Emerging Markets Asia ETF by 166.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 48,700 shares of the company’s stock valued at $4,468,000 after acquiring an additional 30,420 shares during the period. JPMorgan Chase & Co. lifted 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 acquiring an additional 734 shares during the period. Finally, Cary Street Partners Investment Advisory LLC bought a new position in iShares MSCI Emerging Markets Asia ETF during the 4th quarter valued at about $2,196,000.

About iShares MSCI Emerging Markets Asia ETF

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.