iShares Asia 50 ETF (NASDAQ:AIA) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-high trading volume on Wednesday . Approximately 164,040 shares were traded during mid-day trading, an increase of 85% from the previous session’s volume of 88,861 shares.The stock last traded at $98.4010 and had previously closed at $97.60.

iShares Asia 50 ETF Price Performance

The stock has a market capitalization of $1.45 billion, a P/E ratio of 13.81 and a beta of 0.70. The company has a fifty day moving average of $93.58 and a two-hundred day moving average of $84.34.

Institutional Trading of iShares Asia 50 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in iShares Asia 50 ETF by 12.4% in the first quarter. Envestnet Asset Management Inc. now owns 23,918 shares of the company’s stock worth $1,730,000 after purchasing an additional 2,632 shares during the period. BluePointe Capital Management LLC boosted its holdings in iShares Asia 50 ETF by 9.6% in the first quarter. BluePointe Capital Management LLC now owns 5,596 shares of the company’s stock worth $405,000 after purchasing an additional 491 shares during the period. Allianz Asset Management GmbH acquired a new position in iShares Asia 50 ETF in the first quarter worth $434,000. LPL Financial LLC boosted its holdings in iShares Asia 50 ETF by 919.0% in the first quarter. LPL Financial LLC now owns 54,946 shares of the company’s stock worth $3,975,000 after purchasing an additional 49,554 shares during the period. Finally, Glassman Wealth Services boosted its holdings in iShares Asia 50 ETF by 40.5% in the first quarter. Glassman Wealth Services now owns 892 shares of the company’s stock worth $65,000 after purchasing an additional 257 shares during the period.

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.