iShares Asia 50 ETF (NASDAQ:AIA) Sees Strong Trading Volume – Should You Buy?

iShares Asia 50 ETF (NASDAQ:AIA) saw an uptick in trading volume on Tuesday . 9,325 shares traded hands during trading, a decline of 16% from the previous session’s volume of 11,053 shares.The stock last traded at $68.67 and had previously closed at $69.40.

iShares Asia 50 ETF Trading Down 1.3 %

The company has a market capitalization of $719.15 million, a price-to-earnings ratio of 12.57 and a beta of 0.71. The stock’s fifty day simple moving average is $70.04 and its 200-day simple moving average is $69.16.

iShares Asia 50 ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $1.5096 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new stake in iShares Asia 50 ETF during the 3rd quarter worth about $1,295,000. Bank of Montreal Can boosted its holdings in iShares Asia 50 ETF by 1,142.7% in the second quarter. Bank of Montreal Can now owns 47,159 shares of the company’s stock valued at $3,206,000 after purchasing an additional 43,364 shares in the last quarter. Jane Street Group LLC boosted its holdings in iShares Asia 50 ETF by 31.4% in the third quarter. Jane Street Group LLC now owns 218,160 shares of the company’s stock valued at $15,769,000 after purchasing an additional 52,169 shares in the last quarter. Marshall Wace LLP increased its stake in iShares Asia 50 ETF by 68.1% in the second quarter. Marshall Wace LLP now owns 7,060 shares of the company’s stock valued at $474,000 after purchasing an additional 2,860 shares during the last quarter. Finally, Activest Wealth Management purchased a new stake in shares of iShares Asia 50 ETF during the 3rd quarter worth approximately $35,000.

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.