iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Stock Price Down 0.9% – Should You Sell?

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)’s share price fell 0.9% during mid-day trading on Tuesday . The company traded as low as $71.83 and last traded at $71.83. 30,129 shares changed hands during trading, an increase of 28% from the average session volume of 23,557 shares. The stock had previously closed at $72.50.

iShares MSCI Emerging Markets Asia ETF Price Performance

The stock’s fifty day simple moving average is $74.17 and its 200-day simple moving average is $74.26. The firm has a market cap of $452.53 million, a PE ratio of 13.33 and a beta of 0.69.

iShares MSCI Emerging Markets Asia ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.0001 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from iShares MSCI Emerging Markets Asia ETF’s previous dividend of $0.31.

Institutional Investors Weigh In On iShares MSCI Emerging Markets Asia ETF

A number of large investors have recently bought and sold shares of EEMA. BNP Paribas Financial Markets acquired a new position in shares of iShares MSCI Emerging Markets Asia ETF in the 3rd quarter valued at about $674,000. Cahill Financial Advisors Inc. purchased a new position in iShares MSCI Emerging Markets Asia ETF during the second quarter valued at approximately $204,000. Flow Traders U.S. LLC acquired a new position in iShares MSCI Emerging Markets Asia ETF in the third quarter valued at approximately $9,425,000. Kovitz Investment Group Partners LLC purchased a new stake in iShares MSCI Emerging Markets Asia ETF in the 3rd quarter worth approximately $209,000. Finally, JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Emerging Markets Asia ETF by 41.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,960 shares of the company’s stock worth $232,000 after purchasing an additional 867 shares during the period.

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.