iShares Asia 50 ETF (NASDAQ:AIA) Sees Large Volume Increase

iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-strong trading volume on Thursday . Approximately 91,482 shares were traded during trading, an increase of 79% from the previous session’s volume of 50,966 shares.The stock last traded at $63.19 and had previously closed at $61.43.

iShares Asia 50 ETF Trading Up 3.6 %

The firm has a market capitalization of $1.50 billion, a P/E ratio of 12.57 and a beta of 1.10. The firm has a 50 day moving average price of $60.04 and a 200-day moving average price of $57.60.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AIA. Orion Portfolio Solutions LLC grew its holdings in iShares Asia 50 ETF by 3.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,074 shares of the company’s stock valued at $448,000 after purchasing an additional 305 shares during the last quarter. City Holding Co. increased its stake in iShares Asia 50 ETF by 13.3% in the first quarter. City Holding Co. now owns 3,415 shares of the company’s stock worth $207,000 after purchasing an additional 400 shares during the period. Activest Wealth Management purchased a new stake in shares of iShares Asia 50 ETF during the fourth quarter valued at $73,000. Upper Left Wealth Management LLC increased its stake in iShares Asia 50 ETF by 3.7% in the 4th quarter. Upper Left Wealth Management LLC now owns 40,362 shares of the company’s stock worth $2,340,000 after buying an additional 1,457 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in iShares Asia 50 ETF by 3.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,543 shares of the company’s stock valued at $2,704,000 after buying an additional 1,615 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.