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

iShares Asia 50 ETF (NASDAQ:AIA) saw an uptick in trading volume on Friday . 2,038,711 shares were traded during trading, an increase of 303% from the previous session’s volume of 506,212 shares.The stock last traded at $139.06 and had previously closed at $139.38.

iShares Asia 50 ETF Trading Down 0.6%

The business’s fifty day simple moving average is $136.31 and its 200-day simple moving average is $127.32. The firm has a market cap of $4.85 billion, a P/E ratio of 13.81 and a beta of 0.88.

iShares Asia 50 ETF Announces Dividend

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

Institutional Trading of iShares Asia 50 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors grew its position in iShares Asia 50 ETF by 2.1% during the fourth quarter. Arkadios Wealth Advisors now owns 4,406 shares of the company’s stock worth $430,000 after buying an additional 90 shares in the last quarter. PGIM Custom Harvest LLC boosted its position in shares of iShares Asia 50 ETF by 5.3% during the 3rd quarter. PGIM Custom Harvest LLC now owns 3,222 shares of the company’s stock valued at $305,000 after acquiring an additional 163 shares during the last quarter. Assetmark Inc. boosted its position in shares of iShares Asia 50 ETF by 23.5% during the 1st quarter. Assetmark Inc. now owns 942 shares of the company’s stock valued at $100,000 after acquiring an additional 179 shares during the last quarter. Bank of America Corp DE grew its holdings 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 in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of iShares Asia 50 ETF by 2,650.0% in 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 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.