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

iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-high trading volume on Wednesday . Approximately 164,040 shares traded hands during trading, an increase of 85% from the previous session’s volume of 88,861 shares.The stock last traded at $98.4010 and had previously closed at $97.60.

iShares Asia 50 ETF Stock Up 1.4%

The company has a market cap of $1.45 billion, a PE ratio of 13.81 and a beta of 0.70. The business’s 50 day moving average price is $93.58 and its 200-day moving average price is $84.34.

Institutional Trading of iShares Asia 50 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AIA. Envestnet Asset Management Inc. increased its position in shares of iShares Asia 50 ETF by 12.4% during the first quarter. Envestnet Asset Management Inc. now owns 23,918 shares of the company’s stock worth $1,730,000 after acquiring an additional 2,632 shares during the last quarter. BluePointe Capital Management LLC increased its position in shares of iShares Asia 50 ETF by 9.6% during the first quarter. BluePointe Capital Management LLC now owns 5,596 shares of the company’s stock worth $405,000 after acquiring an additional 491 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of iShares Asia 50 ETF during the first quarter worth about $434,000. LPL Financial LLC increased its position in shares of iShares Asia 50 ETF by 919.0% during the first quarter. LPL Financial LLC now owns 54,946 shares of the company’s stock worth $3,975,000 after acquiring an additional 49,554 shares during the last quarter. Finally, Glassman Wealth Services increased its position in shares of iShares Asia 50 ETF by 40.5% during the first quarter. Glassman Wealth Services now owns 892 shares of the company’s stock worth $65,000 after acquiring an additional 257 shares during the last quarter.

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.