iShares Asia 50 ETF (NASDAQ:AIA) Sees Unusually-High Trading Volume

iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-strong trading volume on Wednesday . Approximately 19,250 shares changed hands during mid-day trading, a decline of 65% from the previous session’s volume of 54,586 shares.The stock last traded at $59.13 and had previously closed at $58.70.

iShares Asia 50 ETF Trading Up 0.5 %

The firm’s 50-day moving average price is $59.43 and its two-hundred day moving average price is $57.28. The stock has a market cap of $1.40 billion, a PE ratio of 11.98 and a beta of 1.09.

Institutional Investors Weigh In On iShares Asia 50 ETF

Hedge funds have recently modified their holdings of the business. Comerica Bank bought a new position in shares of iShares Asia 50 ETF during the 3rd quarter worth approximately $26,000. Tower Research Capital LLC TRC raised its stake in shares of iShares Asia 50 ETF by 2,108.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the company’s stock worth $62,000 after acquiring an additional 991 shares in the last quarter. Activest Wealth Management bought a new position in shares of iShares Asia 50 ETF during the 4th quarter worth approximately $73,000. Advisor Group Holdings Inc. raised its stake in shares of iShares Asia 50 ETF by 12.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,274 shares of the company’s stock worth $129,000 after acquiring an additional 245 shares in the last quarter. Finally, Patriot Investment Management Group Inc. bought a new position in shares of iShares Asia 50 ETF during the 4th quarter worth approximately $156,000.

iShares Asia 50 ETF Company 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.