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

iShares Asia 50 ETF (NASDAQ:AIA) saw an uptick in trading volume on Thursday . 91,482 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 50,966 shares.The stock last traded at $63.19 and had previously closed at $61.43.

iShares Asia 50 ETF Price Performance

The firm has a market capitalization of $1.52 billion, a P/E ratio of 12.57 and a beta of 1.10. The firm has a 50-day moving average price of $60.14 and a two-hundred day moving average price of $57.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Orion Portfolio Solutions LLC raised its stake in 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 worth $448,000 after buying an additional 305 shares in the last quarter. City Holding Co. lifted its stake in shares of iShares Asia 50 ETF by 13.3% during the 1st quarter. City Holding Co. now owns 3,415 shares of the company’s stock worth $207,000 after purchasing an additional 400 shares during the last quarter. Activest Wealth Management bought a new stake in iShares Asia 50 ETF during the fourth quarter valued at about $73,000. Upper Left Wealth Management LLC grew its stake in iShares Asia 50 ETF by 3.7% in the fourth quarter. Upper Left Wealth Management LLC now owns 40,362 shares of the company’s stock valued at $2,340,000 after purchasing an additional 1,457 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in iShares Asia 50 ETF by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,543 shares of the company’s stock worth $2,704,000 after purchasing an additional 1,615 shares in 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.