iShares Asia 50 ETF (NASDAQ:AIA) Sees Unusually-High Trading Volume – Here’s Why

iShares Asia 50 ETF (NASDAQ:AIA) shares saw unusually-high trading volume on Wednesday . Approximately 50,542 shares were traded during trading, a decline of 38% from the previous session’s volume of 82,027 shares.The stock last traded at $73.54 and had previously closed at $73.98.

iShares Asia 50 ETF Stock Performance

The stock’s 50 day simple moving average is $67.73 and its 200 day simple moving average is $65.98. The firm has a market cap of $1.45 billion, a P/E ratio of 12.57 and a beta of 0.71.

Institutional Investors Weigh In On iShares Asia 50 ETF

Several institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in iShares Asia 50 ETF by 1,142.7% in the second quarter. Bank of Montreal Can now owns 47,159 shares of the company’s stock worth $3,206,000 after buying an additional 43,364 shares during the period. StoneX Group Inc. purchased a new stake in shares of iShares Asia 50 ETF in the first quarter worth $4,177,000. City Holding Co. boosted its holdings in iShares Asia 50 ETF by 13.3% in the 1st quarter. City Holding Co. now owns 3,415 shares of the company’s stock worth $207,000 after buying an additional 400 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares Asia 50 ETF by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,543 shares of the company’s stock worth $2,704,000 after acquiring an additional 1,615 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares Asia 50 ETF in the 1st quarter worth approximately $6,847,000.

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.