iShares Asia 50 ETF (NASDAQ:AIA) Sees Strong Trading Volume

iShares Asia 50 ETF (NASDAQ:AIA) shares saw strong trading volume on Wednesday . 361,913 shares changed hands 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 Trading Up 0.8 %

The stock’s 50-day moving average price is $67.31 and its 200-day moving average price is $61.98. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 12.57 and a beta of 0.71.

iShares Asia 50 ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AIA. Activest Wealth Management acquired a new position in shares of iShares Asia 50 ETF during the 4th quarter valued at $73,000. International Assets Investment Management LLC bought a new position in shares of iShares Asia 50 ETF during the 4th quarter worth about $165,000. CWM LLC acquired a new stake in shares of iShares Asia 50 ETF in the 4th quarter valued at about $172,000. Advisory Services Network LLC bought a new stake in iShares Asia 50 ETF in the 4th quarter valued at about $200,000. Finally, City Holding Co. increased its position in iShares Asia 50 ETF by 13.3% in the 1st quarter. City Holding Co. now owns 3,415 shares of the company’s stock valued at $207,000 after buying an additional 400 shares in 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.