iShares Asia 50 ETF (NASDAQ:AIA) Sees Unusually-High Trading Volume – Here’s Why
by Amy Steele · The Cerbat GemiShares Asia 50 ETF (NASDAQ:AIA – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 263,222 shares changed hands during trading, an increase of 121% from the previous session’s volume of 119,032 shares.The stock last traded at $98.1150 and had previously closed at $97.50.
iShares Asia 50 ETF Trading Up 0.6%
The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 13.81 and a beta of 0.70. The firm’s 50-day moving average is $96.46 and its two-hundred day moving average is $90.16.
iShares Asia 50 ETF Dividend Announcement
The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $1.6251 per share. This represents a yield of 352.0%. The ex-dividend date of this dividend was Tuesday, December 16th.
Institutional Trading of iShares Asia 50 ETF
A number of hedge funds have recently bought and sold shares of AIA. PGIM Custom Harvest LLC grew its position in shares of iShares Asia 50 ETF by 5.3% in the third quarter. PGIM Custom Harvest LLC now owns 3,222 shares of the company’s stock valued at $305,000 after purchasing an additional 163 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares Asia 50 ETF by 1.6% in the 2nd quarter. Bank of America Corp DE now owns 13,304 shares of the company’s stock valued at $1,078,000 after buying an additional 204 shares in the last quarter. City Holding Co. increased its stake in shares of iShares Asia 50 ETF by 8.9% in the 2nd quarter. City Holding Co. now owns 3,675 shares of the company’s stock worth $298,000 after acquiring an additional 300 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of iShares Asia 50 ETF by 2.2% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 14,092 shares of the company’s stock worth $1,333,000 after acquiring an additional 309 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of iShares Asia 50 ETF by 5.3% during the 2nd quarter. NewEdge Advisors LLC now owns 6,200 shares of the company’s stock valued at $503,000 after acquiring an additional 313 shares during the last quarter.
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.