iShares Asia 50 ETF (NASDAQ:AIA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-strong trading volume on Tuesday . Approximately 140,268 shares changed hands during mid-day trading, an increase of 52% from the previous session’s volume of 92,063 shares.The stock last traded at $94.5750 and had previously closed at $96.04.

iShares Asia 50 ETF Price Performance

The company has a market cap of $1.41 billion, a price-to-earnings ratio of 13.81 and a beta of 0.70. The stock has a 50-day moving average price of $95.86 and a 200 day moving average price of $86.18.

Institutional Investors Weigh In On iShares Asia 50 ETF

Several large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in iShares Asia 50 ETF by 12.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 23,918 shares of the company’s stock valued at $1,730,000 after acquiring an additional 2,632 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of iShares Asia 50 ETF in the 1st quarter valued at about $434,000. LPL Financial LLC lifted its holdings in shares of iShares Asia 50 ETF by 919.0% in the first quarter. LPL Financial LLC now owns 54,946 shares of the company’s stock valued at $3,975,000 after purchasing an additional 49,554 shares in the last quarter. Glassman Wealth Services boosted 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 buying an additional 257 shares during the period. Finally, Argent Trust Co acquired a new position in shares of iShares Asia 50 ETF during the first quarter worth about $205,000.

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.