Elite Wealth Management Inc. Purchases New Shares in iShares Asia 50 ETF $AIA

Elite Wealth Management Inc. purchased a new position in shares of iShares Asia 50 ETF (NASDAQ:AIA) during the 1st quarter, Holdings Channel.com reports. The fund purchased 39,277 shares of the company’s stock, valued at approximately $4,169,000. iShares Asia 50 ETF makes up 1.4% of Elite Wealth Management Inc.’s holdings, making the stock its 19th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new position in shares of iShares Asia 50 ETF during the fourth quarter worth approximately $772,000. UBS Group AG grew its holdings in iShares Asia 50 ETF by 10.6% in the 4th quarter. UBS Group AG now owns 41,896 shares of the company’s stock worth $4,085,000 after buying an additional 4,003 shares in the last quarter. Aurora Private Wealth Inc. acquired a new stake in iShares Asia 50 ETF in the 1st quarter valued at approximately $584,000. SB Capital Management Inc acquired a new stake in iShares Asia 50 ETF in the 4th quarter valued at approximately $1,177,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in iShares Asia 50 ETF during the 1st quarter valued at $752,000.

iShares Asia 50 ETF Stock Down 0.2%

Shares of AIA opened at $130.94 on Tuesday. The firm has a market capitalization of $4.51 billion, a PE ratio of 13.81 and a beta of 0.86. The firm has a 50-day moving average price of $138.59 and a 200 day moving average price of $122.59. iShares Asia 50 ETF has a 52-week low of $81.52 and a 52-week high of $150.83.

iShares Asia 50 ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.5145 dividend. The ex-dividend date was Monday, June 15th.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.