Shares of iShares Asia 50 ETF (NASDAQ:AIA – Get Free Report) saw strong trading volume on Thursday . 1,349,590 shares traded hands during trading, an increase of 159% from the previous session’s volume of 520,913 shares.The stock last traded at $105.77 and had previously closed at $108.76.
iShares Asia 50 ETF Stock Performance
The stock has a 50 day moving average of $110.51 and a two-hundred day moving average of $101.34. The firm has a market capitalization of $2.14 billion, a P/E ratio of 13.81 and a beta of 0.70.
Institutional Trading of iShares Asia 50 ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of iShares Asia 50 ETF during the 4th quarter worth $5,482,000. Creative Planning acquired a new position in iShares Asia 50 ETF during the 3rd quarter worth $5,217,000. Stratos Wealth Partners LTD. bought a new stake in iShares Asia 50 ETF during the third quarter valued at about $4,518,000. Bank of America Corp DE boosted its holdings in iShares Asia 50 ETF by 274.1% during the third quarter. Bank of America Corp DE now owns 49,766 shares of the company’s stock valued at $4,708,000 after acquiring an additional 36,462 shares during the period. Finally, LPL Financial LLC grew its position in shares of iShares Asia 50 ETF by 36.8% in the fourth quarter. LPL Financial LLC now owns 93,569 shares of the company’s stock valued at $9,124,000 after purchasing an additional 25,177 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.
Further Reading
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