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

iShares Asia 50 ETF (NASDAQ:AIA) saw an uptick in trading volume on Wednesday . 19,250 shares changed hands during trading, a decline of 65% from the previous session’s volume of 54,586 shares.The stock last traded at $59.13 and had previously closed at $58.70.

iShares Asia 50 ETF Stock Performance

The firm’s 50-day moving average price is $59.35 and its two-hundred day moving average price is $57.25. The firm has a market cap of $1.39 billion, a PE ratio of 11.98 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its stake in shares of iShares Asia 50 ETF by 5.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,254 shares of the company’s stock valued at $194,000 after acquiring an additional 221 shares during the last quarter. BlackRock Inc. grew its stake in shares of iShares Asia 50 ETF by 2.5% during the first quarter. BlackRock Inc. now owns 7,676,687 shares of the company’s stock valued at $526,851,000 after acquiring an additional 185,312 shares in the last quarter. Allianz Asset Management GmbH grew its stake in iShares Asia 50 ETF by 73.5% during the 1st quarter. Allianz Asset Management GmbH now owns 60,900 shares of the company’s stock valued at $4,180,000 after purchasing an additional 25,800 shares in the last quarter. Prudential Financial Inc. raised its position in shares of iShares Asia 50 ETF by 1,829.5% in the 1st quarter. Prudential Financial Inc. now owns 90,474 shares of the company’s stock valued at $6,209,000 after purchasing an additional 85,785 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in iShares Asia 50 ETF by 13.7% during the 1st quarter. Eqis Capital Management Inc. now owns 4,338 shares of the company’s stock valued at $298,000 after acquiring an additional 522 shares during the last quarter.

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.