SB Capital Management Inc Invests $1.18 Million in iShares Asia 50 ETF $AIA

SB Capital Management Inc bought a new position in shares of iShares Asia 50 ETF (NASDAQ:AIA) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,075 shares of the company’s stock, valued at approximately $1,177,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIA. Royal Bank of Canada boosted its holdings in iShares Asia 50 ETF by 168.7% in the first quarter. Royal Bank of Canada now owns 24,403 shares of the company’s stock valued at $1,766,000 after purchasing an additional 15,321 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in iShares Asia 50 ETF during the 1st quarter worth about $355,000. NewEdge Advisors LLC raised its stake in shares of iShares Asia 50 ETF by 5.3% during the 2nd quarter. NewEdge Advisors LLC now owns 6,200 shares of the company’s stock valued at $503,000 after buying an additional 313 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of iShares Asia 50 ETF by 7.6% during the 2nd quarter. Raymond James Financial Inc. now owns 13,700 shares of the company’s stock valued at $1,110,000 after buying an additional 966 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares Asia 50 ETF by 11.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 132,423 shares of the company’s stock valued at $10,735,000 after buying an additional 14,134 shares during the last quarter.

iShares Asia 50 ETF Stock Up 4.6%

Shares of AIA stock opened at $149.16 on Friday. iShares Asia 50 ETF has a 52-week low of $77.50 and a 52-week high of $150.83. The stock has a market cap of $4.93 billion, a PE ratio of 13.81 and a beta of 0.86. The business has a 50-day simple moving average of $132.10 and a 200-day simple moving average of $114.91.

iShares Asia 50 ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.5145 per share. The ex-dividend date was Monday, June 15th.

iShares Asia 50 ETF Profile

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.