iShares Asia 50 ETF (NASDAQ:AIA) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-high trading volume on Tuesday . Approximately 4,666,253 shares changed hands 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 Performance

The company has a market cap of $2.32 billion, a P/E ratio of 13.81 and a beta of 0.70. The stock has a 50-day moving average of $104.33 and a two-hundred day moving average of $96.80.

iShares Asia 50 ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.6251 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 352.0%.

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AIA. Arkadios Wealth Advisors boosted its stake in shares of iShares Asia 50 ETF by 2.1% during the fourth quarter. Arkadios Wealth Advisors now owns 4,406 shares of the company’s stock valued at $430,000 after purchasing an additional 90 shares during the period. PGIM Custom Harvest LLC raised its holdings in iShares Asia 50 ETF by 5.3% during the 3rd quarter. PGIM Custom Harvest LLC now owns 3,222 shares of the company’s stock valued at $305,000 after buying an additional 163 shares during the last quarter. Bank of America Corp DE boosted its position in iShares Asia 50 ETF by 1.6% during 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 during the period. Global Retirement Partners LLC grew its holdings in iShares Asia 50 ETF by 2,650.0% in the 4th quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock worth $27,000 after acquiring an additional 265 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of iShares Asia 50 ETF by 2.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 14,092 shares of the company’s stock worth $1,333,000 after purchasing an additional 309 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.