iShares Asia 50 ETF (NASDAQ:AIA) Sees Large Volume Increase – Time to Buy?

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw strong trading volume on Tuesday . 140,268 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 92,063 shares.The stock last traded at $94.5750 and had previously closed at $96.04.

iShares Asia 50 ETF Price Performance

The business has a 50 day moving average of $95.86 and a 200 day moving average of $86.18. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.81 and a beta of 0.70.

Institutional Trading of iShares Asia 50 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP boosted its stake in iShares Asia 50 ETF by 11.3% during the 3rd quarter. Susquehanna International Group LLP now owns 30,887 shares of the company’s stock worth $2,922,000 after acquiring an additional 3,131 shares during the last quarter. Lido Advisors LLC raised its holdings in iShares Asia 50 ETF by 53.0% in the third quarter. Lido Advisors LLC now owns 8,560 shares of the company’s stock worth $810,000 after purchasing an additional 2,964 shares during the period. Citadel Advisors LLC boosted its position in shares of iShares Asia 50 ETF by 472.9% during the third quarter. Citadel Advisors LLC now owns 14,414 shares of the company’s stock worth $1,364,000 after purchasing an additional 11,898 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of iShares Asia 50 ETF by 274.1% in the 3rd quarter. Bank of America Corp DE now owns 49,766 shares of the company’s stock valued at $4,708,000 after buying an additional 36,462 shares during the period. Finally, Creative Planning acquired a new position in shares of iShares Asia 50 ETF in the 3rd quarter valued at $5,217,000.

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.