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

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw an uptick in trading volume on Tuesday . 4,666,253 shares were traded during trading, an increase of 902% from the previous session’s volume of 465,492 shares.The stock last traded at $112.9160 and had previously closed at $113.08.

iShares Asia 50 ETF Stock Down 0.7%

The firm has a 50-day moving average of $103.70 and a 200 day moving average of $96.56. The stock has a market capitalization of $2.30 billion, a P/E ratio of 13.81 and a beta of 0.70.

iShares Asia 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $1.6251 per share. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 352.0%.

Hedge Funds Weigh In On iShares Asia 50 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning acquired a new stake in shares of iShares Asia 50 ETF during the third quarter worth approximately $5,217,000. Stratos Wealth Partners LTD. bought a new stake in iShares Asia 50 ETF during the 3rd quarter worth approximately $4,518,000. Bank of America Corp DE increased its holdings in iShares Asia 50 ETF by 274.1% during the 3rd quarter. Bank of America Corp DE now owns 49,766 shares of the company’s stock valued at $4,708,000 after purchasing an additional 36,462 shares in the last quarter. LPL Financial LLC increased its holdings in iShares Asia 50 ETF by 36.8% during the 4th quarter. LPL Financial LLC now owns 93,569 shares of the company’s stock valued at $9,124,000 after purchasing an additional 25,177 shares in the last quarter. Finally, Quantum Portfolio Management LLC bought a new position in iShares Asia 50 ETF in the 4th quarter valued at $2,283,000.

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