iShares Asia 50 ETF (NASDAQ:AIA) Share Price Break Below 200-Day Moving Average – Should You Sell?

iShares Asia 50 ETF (NASDAQ:AIA) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $127.97 and traded as low as $125.80. iShares Asia 50 ETF shares last traded at $126.95, with a volume of 254,996 shares trading hands.

iShares Asia 50 ETF Stock Down 3.5%

The firm has a 50-day moving average of $138.26 and a 200 day moving average of $127.97. The stock has a market capitalization of $4.53 billion, a P/E ratio of 13.81 and a beta of 0.87.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of hedge funds have recently made changes to their positions in AIA. Avior Wealth Management LLC bought a new position in iShares Asia 50 ETF during the third quarter worth about $11,806,000. TD Waterhouse Canada Inc. grew its stake in shares of iShares Asia 50 ETF by 58,737.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 77,077 shares of the company’s stock valued at $10,518,000 after purchasing an additional 76,946 shares during the period. City of London Investment Management Co. Ltd. bought a new stake in shares of iShares Asia 50 ETF in the 3rd quarter valued at approximately $5,502,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares Asia 50 ETF in the 3rd quarter valued at approximately $5,000,000. Finally, Elite Wealth Management Inc. acquired a new position in shares of iShares Asia 50 ETF in the 1st quarter worth approximately $4,169,000.

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