iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sees Large Volume Increase

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) shares saw unusually-high trading volume on Tuesday . Approximately 320,945 shares traded hands during trading, an increase of 337% from the previous session’s volume of 73,450 shares.The stock last traded at $64.91 and had previously closed at $65.42.

iShares MSCI Emerging Markets Asia ETF Price Performance

The firm’s 50-day simple moving average is $66.45 and its two-hundred day simple moving average is $65.82. The company has a market capitalization of $526.99 million, a price-to-earnings ratio of 11.74 and a beta of 0.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in iShares MSCI Emerging Markets Asia ETF by 19.5% during the first quarter. JPMorgan Chase & Co. now owns 133,625 shares of the company’s stock worth $9,868,000 after buying an additional 21,846 shares during the period. Flow Traders U.S. LLC grew its position in shares of iShares MSCI Emerging Markets Asia ETF by 58.7% in the first quarter. Flow Traders U.S. LLC now owns 63,372 shares of the company’s stock valued at $4,211,000 after purchasing an additional 23,437 shares during the last quarter. Edge Capital Group LLC grew its position in shares of iShares MSCI Emerging Markets Asia ETF by 63.3% in the first quarter. Edge Capital Group LLC now owns 43,595 shares of the company’s stock valued at $2,897,000 after purchasing an additional 16,900 shares during the last quarter. Madison Asset Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter valued at approximately $2,463,000. Finally, Independent Order of Foresters grew its position in shares of iShares MSCI Emerging Markets Asia ETF by 51.8% in the second quarter. Independent Order of Foresters now owns 21,968 shares of the company’s stock valued at $1,444,000 after purchasing an additional 7,495 shares during the last quarter.

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.