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

iShares Asia 50 ETF (NASDAQ:AIA) shares saw unusually-high trading volume on Wednesday . Approximately 19,250 shares traded hands during 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 Stock Performance

The business has a fifty day moving average of $59.35 and a two-hundred day moving average of $57.25. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.98 and a beta of 1.09.

Institutional Investors Weigh In On iShares Asia 50 ETF

Institutional investors have recently made changes to their positions in the company. SFI Advisors LLC lifted its holdings in shares of iShares Asia 50 ETF by 17.5% during the fourth quarter. SFI Advisors LLC now owns 31,065 shares of the company’s stock worth $1,801,000 after buying an additional 4,626 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of iShares Asia 50 ETF in the fourth quarter valued at approximately $73,000. Orion Portfolio Solutions LLC boosted its stake in shares of iShares Asia 50 ETF by 3.9% in the third quarter. Orion Portfolio Solutions LLC now owns 8,074 shares of the company’s stock valued at $448,000 after buying an additional 305 shares during the period. Upper Left Wealth Management LLC grew its position in iShares Asia 50 ETF by 3.7% during the fourth quarter. Upper Left Wealth Management LLC now owns 40,362 shares of the company’s stock worth $2,340,000 after buying an additional 1,457 shares in the last quarter. Finally, Mariner LLC increased its stake in iShares Asia 50 ETF by 71.2% during the 3rd quarter. Mariner LLC now owns 17,186 shares of the company’s stock worth $953,000 after acquiring an additional 7,146 shares during the period.

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.