iShares Asia 50 ETF (NASDAQ:AIA) Sees Unusually-High Trading Volume After Dividend Announcement

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-strong trading volume on Tuesday following a dividend announcement from the company. Approximately 1,512,261 shares traded hands during trading, an increase of 1,356% from the previous session’s volume of 103,866 shares.The stock last traded at $92.1390 and had previously closed at $94.86.

The newly announced dividend which will be paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th will be paid a $1.6251 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a dividend yield of 353.0%.

iShares Asia 50 ETF Stock Performance

The firm’s fifty day simple moving average is $96.64 and its 200 day simple moving average is $88.98. The firm has a market cap of $1.36 billion, a P/E ratio of 13.81 and a beta of 0.70.

Institutional Trading of iShares Asia 50 ETF

A number of hedge funds have recently modified their holdings of AIA. WealthShield Partners LLC acquired a new position in iShares Asia 50 ETF in the 2nd quarter worth about $27,000. Farther Finance Advisors LLC purchased a new position in shares of iShares Asia 50 ETF in the second quarter worth about $57,000. CIBC Private Wealth Group LLC acquired a new stake in shares of iShares Asia 50 ETF in the third quarter valued at approximately $78,000. Osaic Holdings Inc. boosted its position in shares of iShares Asia 50 ETF by 44.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,328 shares of the company’s stock valued at $107,000 after acquiring an additional 406 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in iShares Asia 50 ETF by 453.8% during the third quarter. Jones Financial Companies Lllp now owns 2,243 shares of the company’s stock worth $208,000 after purchasing an additional 1,838 shares during the period.

iShares Asia 50 ETF Company Profile

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.