iShares Asia 50 ETF (NASDAQ:AIA) Sees Unusually-High Trading Volume

iShares Asia 50 ETF (NASDAQ:AIA) saw an uptick in trading volume on Wednesday . 19,250 shares were traded during mid-day trading, a decline of 65% from the previous session’s volume of 54,586 shares.The stock last traded at $59.13 and had previously closed at $58.70.

iShares Asia 50 ETF Stock Performance

The business’s 50 day moving average price is $59.43 and its 200-day moving average price is $57.28. The firm has a market capitalization of $1.40 billion, a PE ratio of 11.98 and a beta of 1.09.

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in iShares Asia 50 ETF by 2.5% during the 1st quarter. BlackRock Inc. now owns 7,676,687 shares of the company’s stock worth $526,851,000 after buying an additional 185,312 shares during the period. Jane Street Group LLC increased its stake in iShares Asia 50 ETF by 535.2% during the 4th quarter. Jane Street Group LLC now owns 206,216 shares of the company’s stock worth $11,701,000 after buying an additional 173,750 shares during the period. Prudential Financial Inc. increased its stake in iShares Asia 50 ETF by 1,829.5% during the 1st quarter. Prudential Financial Inc. now owns 90,474 shares of the company’s stock worth $6,209,000 after buying an additional 85,785 shares during the period. Flow Traders U.S. LLC increased its stake in iShares Asia 50 ETF by 475.2% during the 4th quarter. Flow Traders U.S. LLC now owns 68,940 shares of the company’s stock worth $3,912,000 after buying an additional 56,954 shares during the period. Finally, Bank of America Corp DE increased its stake in iShares Asia 50 ETF by 87.6% during the 1st quarter. Bank of America Corp DE now owns 81,962 shares of the company’s stock worth $5,625,000 after buying an additional 38,277 shares during the period.

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.