iShares Asia 50 ETF (NASDAQ:AIA – Get Free Report) saw strong trading volume on Tuesday . 140,268 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 92,063 shares.The stock last traded at $94.5750 and had previously closed at $96.04.
iShares Asia 50 ETF Price Performance
The firm’s 50 day simple moving average is $96.11 and its 200-day simple moving average is $86.43. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 13.81 and a beta of 0.70.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in AIA. WealthShield Partners LLC purchased a new stake in iShares Asia 50 ETF in the second quarter valued at approximately $27,000. Farther Finance Advisors LLC purchased a new position in shares of iShares Asia 50 ETF during the second quarter worth approximately $57,000. Glassman Wealth Services increased its holdings in shares of iShares Asia 50 ETF by 40.5% in the 1st quarter. Glassman Wealth Services now owns 892 shares of the company’s stock valued at $65,000 after acquiring an additional 257 shares during the period. Finley Financial LLC raised its position in iShares Asia 50 ETF by 34.5% in the 1st quarter. Finley Financial LLC now owns 1,170 shares of the company’s stock valued at $81,000 after purchasing an additional 300 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in iShares Asia 50 ETF by 44.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,328 shares of the company’s stock valued at $107,000 after purchasing an additional 406 shares during 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.
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