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

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw strong trading volume on Monday . 90,108 shares were traded during trading, an increase of 20% from the previous session’s volume of 74,931 shares.The stock last traded at $75.29 and had previously closed at $75.09.

iShares Asia 50 ETF Stock Performance

The stock’s 50 day simple moving average is $72.97 and its 200 day simple moving average is $71.31. The firm has a market cap of $786.77 million, a P/E ratio of 14.68 and a beta of 0.71.

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AIA. Twelve Points Wealth Management LLC boosted its stake in iShares Asia 50 ETF by 1.1% during the 4th quarter. Twelve Points Wealth Management LLC now owns 14,149 shares of the company’s stock valued at $960,000 after purchasing an additional 160 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of iShares Asia 50 ETF by 8.3% in the fourth quarter. Bank of Montreal Can now owns 4,558 shares of the company’s stock valued at $309,000 after purchasing an additional 349 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of iShares Asia 50 ETF by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,473 shares of the company’s stock valued at $3,017,000 after buying an additional 419 shares during the last quarter. Aviso Financial Inc. grew its holdings in iShares Asia 50 ETF by 97.3% during the fourth quarter. Aviso Financial Inc. now owns 1,385 shares of the company’s stock worth $94,000 after buying an additional 683 shares in the last quarter. Finally, MML Investors Services LLC raised its position in iShares Asia 50 ETF by 3.8% in the 3rd quarter. MML Investors Services LLC now owns 20,585 shares of the company’s stock valued at $1,488,000 after buying an additional 760 shares during the last quarter.

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.