iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) Reaches New 52-Week High – Should You Buy?
by Renee Jackson · The Cerbat GemiShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $109.23 and last traded at $109.11, with a volume of 118097 shares trading hands. The stock had previously closed at $106.54.
iShares MSCI All Country Asia ex Japan ETF Trading Up 2.3%
The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 15.30 and a beta of 0.63. The company’s 50 day simple moving average is $101.37 and its 200-day simple moving average is $97.28.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AAXJ. Russell Investments Group Ltd. bought a new stake in shares of iShares MSCI All Country Asia ex Japan ETF in the third quarter worth $142,000. Jones Financial Companies Lllp lifted its holdings in iShares MSCI All Country Asia ex Japan ETF by 199.7% in the third quarter. Jones Financial Companies Lllp now owns 1,942 shares of the exchange traded fund’s stock worth $175,000 after purchasing an additional 1,294 shares during the period. Saranac Partners Ltd bought a new stake in iShares MSCI All Country Asia ex Japan ETF in the third quarter worth about $228,000. BNP Paribas Financial Markets raised its position in iShares MSCI All Country Asia ex Japan ETF by 42.0% in the second quarter. BNP Paribas Financial Markets now owns 10,534 shares of the exchange traded fund’s stock worth $870,000 after acquiring an additional 3,115 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares MSCI All Country Asia ex Japan ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 19,330 shares of the exchange traded fund’s stock worth $1,597,000 after acquiring an additional 459 shares in the last quarter.
iShares MSCI All Country Asia ex Japan ETF Company Profile
iShares MSCI All Country Asia ex Japan ETF (the Fund), formerly The iShares MSCI All Country Asia ex Japan Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, of the MSCI All Country Asia ex Japan Index (the Index). The Index is a free-float adjusted market capitalization index designed to measure equity market performance of the 12 countries, such as Australia, China, Honk Kong, India, Indonesia, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan and Thailand.