Avalon Capital Management Takes Position in iShares Asia 50 ETF (NASDAQ:AIA)

Avalon Capital Management bought a new stake in shares of iShares Asia 50 ETF (NASDAQ:AIA) during the second quarter, Holdings Channel reports. The fund bought 30,255 shares of the company’s stock, valued at approximately $2,030,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in iShares Asia 50 ETF in the 4th quarter valued at $165,000. CWM LLC acquired a new stake in shares of iShares Asia 50 ETF in the 4th quarter worth $172,000. City Holding Co. increased its stake in shares of iShares Asia 50 ETF by 13.3% in the 1st quarter. City Holding Co. now owns 3,415 shares of the company’s stock worth $207,000 after acquiring an additional 400 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of iShares Asia 50 ETF in the 4th quarter worth $200,000. Finally, Arlington Capital Management Inc. acquired a new stake in shares of iShares Asia 50 ETF in the 4th quarter worth $302,000.

iShares Asia 50 ETF Stock Up 2.5 %

Shares of AIA traded up $1.68 during midday trading on Friday, reaching $68.32. The company had a trading volume of 40,646 shares, compared to its average volume of 71,842. iShares Asia 50 ETF has a 1-year low of $52.02 and a 1-year high of $71.95. The stock has a market cap of $1.58 billion, a PE ratio of 12.57 and a beta of 0.71. The firm has a 50 day simple moving average of $67.02 and a 200-day simple moving average of $63.46.

iShares Asia 50 ETF Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a $0.3784 dividend. The ex-dividend date was Tuesday, June 11th.

iShares Asia 50 ETF 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.