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

by · The Markets Daily

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA – Get 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 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

(Get Free Report)

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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