iShares Asia 50 ETF (NASDAQ:AIA) Sees Large Volume Increase

iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-strong trading volume on Wednesday . Approximately 361,913 shares were traded during mid-day trading, an increase of 547% from the previous session’s volume of 55,940 shares.The stock last traded at $65.39 and had previously closed at $66.92.

iShares Asia 50 ETF Price Performance

The stock’s 50 day moving average is $67.42 and its two-hundred day moving average is $61.93. The stock has a market capitalization of $1.55 billion, a PE ratio of 12.57 and a beta of 0.71.

iShares Asia 50 ETF Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a $0.3784 dividend. The ex-dividend date of this dividend was Tuesday, June 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC boosted its holdings in shares of iShares Asia 50 ETF by 44.0% in the first quarter. Flow Traders U.S. LLC now owns 230,957 shares of the company’s stock valued at $14,021,000 after acquiring an additional 70,559 shares during the period. OLD Mission Capital LLC boosted its stake in iShares Asia 50 ETF by 147.2% during the 1st quarter. OLD Mission Capital LLC now owns 214,209 shares of the company’s stock worth $13,005,000 after purchasing an additional 127,571 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares Asia 50 ETF during the 1st quarter worth $6,847,000. StoneX Group Inc. acquired a new position in iShares Asia 50 ETF in the first quarter valued at $4,177,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares Asia 50 ETF by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,543 shares of the company’s stock valued at $2,704,000 after buying an additional 1,615 shares during the last quarter.

About iShares Asia 50 ETF

iShares Asia 50 ETF (the Fund), formerly iShares S&P Asia 50 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Asia 50 Index (the Index). The Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the performance of the 50 leading companies from four Asian markets: Hong Kong, Singapore, South Korea and Taiwan.