iShares Asia 50 ETF (NASDAQ:AIA) Sees Strong Trading Volume

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw an uptick in trading volume on Thursday . 328,815 shares were traded during trading, an increase of 346% from the previous session’s volume of 73,786 shares.The stock last traded at $67.88 and had previously closed at $65.88.

iShares Asia 50 ETF Stock Performance

The stock has a 50 day moving average price of $66.14 and a 200 day moving average price of $64.75. The company has a market cap of $1.56 billion, a P/E ratio of 12.57 and a beta of 0.71.

Hedge Funds Weigh In On iShares Asia 50 ETF

Several large investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC grew its stake in shares of iShares Asia 50 ETF by 44.0% in the 1st quarter. Flow Traders U.S. LLC now owns 230,957 shares of the company’s stock valued at $14,021,000 after purchasing an additional 70,559 shares during the period. OLD Mission Capital LLC grew its stake in shares of iShares Asia 50 ETF by 147.2% in the 1st quarter. OLD Mission Capital LLC now owns 214,209 shares of the company’s stock valued at $13,005,000 after purchasing an additional 127,571 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares Asia 50 ETF in the 1st quarter valued at approximately $6,847,000. StoneX Group Inc. bought a new stake in shares of iShares Asia 50 ETF in the 1st quarter valued at approximately $4,177,000. Finally, Bank of Montreal Can grew its stake in shares of iShares Asia 50 ETF by 1,142.7% in the 2nd quarter. Bank of Montreal Can now owns 47,159 shares of the company’s stock valued at $3,206,000 after purchasing an additional 43,364 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.