iShares Asia 50 ETF (NASDAQ:AIA) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-strong trading volume on Friday . 913,764 shares were traded during trading, an increase of 81% from the previous session’s volume of 504,385 shares.The stock last traded at $132.25 and had previously closed at $134.62.

iShares Asia 50 ETF Stock Down 2.6%

The firm has a 50 day simple moving average of $138.61 and a 200-day simple moving average of $122.27. The stock has a market cap of $4.52 billion, a P/E ratio of 13.81 and a beta of 0.86.

iShares Asia 50 ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares Asia 50 ETF

Several institutional investors and hedge funds have recently modified their holdings of AIA. Arkadios Wealth Advisors grew its stake in iShares Asia 50 ETF by 2.1% in the 4th quarter. Arkadios Wealth Advisors now owns 4,406 shares of the company’s stock valued at $430,000 after buying an additional 90 shares during the last quarter. PGIM Custom Harvest LLC boosted its holdings in shares of iShares Asia 50 ETF by 5.3% during the third quarter. PGIM Custom Harvest LLC now owns 3,222 shares of the company’s stock worth $305,000 after acquiring an additional 163 shares during the period. Assetmark Inc. grew its position in shares of iShares Asia 50 ETF by 23.5% in the first quarter. Assetmark Inc. now owns 942 shares of the company’s stock valued at $100,000 after purchasing an additional 179 shares during the last quarter. Bank of America Corp DE increased its stake in shares of iShares Asia 50 ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 13,304 shares of the company’s stock worth $1,078,000 after purchasing an additional 204 shares during the period. Finally, Global Retirement Partners LLC increased its stake in shares of iShares Asia 50 ETF by 2,650.0% during the fourth quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the period.

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