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

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw strong trading volume on Monday . 33,601 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 36,440 shares.The stock last traded at $74.98 and had previously closed at $76.82.

iShares Asia 50 ETF Stock Down 2.9 %

The company has a market cap of $782.93 million, a P/E ratio of 12.57 and a beta of 0.71. The firm’s 50 day moving average is $70.00 and its two-hundred day moving average is $69.99.

iShares Asia 50 ETF Announces Dividend

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

Institutional Investors Weigh In On iShares Asia 50 ETF

Institutional investors have recently modified their holdings of the company. Twelve Points Wealth Management LLC boosted its holdings in shares of iShares Asia 50 ETF by 1.1% during the 4th quarter. Twelve Points Wealth Management LLC now owns 14,149 shares of the company’s stock worth $960,000 after buying an additional 160 shares in the last quarter. Bank of Montreal Can raised its stake in shares of iShares Asia 50 ETF by 8.3% in the fourth quarter. Bank of Montreal Can now owns 4,558 shares of the company’s stock worth $309,000 after purchasing an additional 349 shares during the last quarter. Activest Wealth Management bought a new position in iShares Asia 50 ETF during the 3rd quarter valued at $35,000. Aviso Financial Inc. lifted its position in shares of iShares Asia 50 ETF by 97.3% during the fourth quarter. Aviso Financial Inc. now owns 1,385 shares of the company’s stock valued at $94,000 after purchasing an additional 683 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in iShares Asia 50 ETF by 3.8% in the 3rd quarter. MML Investors Services LLC now owns 20,585 shares of the company’s stock valued at $1,488,000 after buying an additional 760 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.