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

Shares of iShares Asia 50 ETF (NASDAQ:AIA) saw an uptick in trading volume on Tuesday . 92,078 shares changed hands during trading, an increase of 16% from the previous session’s volume of 79,068 shares.The stock last traded at $80.37 and had previously closed at $78.51.

iShares Asia 50 ETF Stock Performance

The stock has a market cap of $726.67 million, a PE ratio of 13.63 and a beta of 0.71. The firm has a 50-day moving average price of $74.56 and a 200-day moving average price of $72.20.

iShares Asia 50 ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were issued a $0.816 dividend. The ex-dividend date of this dividend was Monday, June 16th.

Institutional Trading of iShares Asia 50 ETF

Several institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in shares of iShares Asia 50 ETF by 919.0% during the first quarter. LPL Financial LLC now owns 54,946 shares of the company’s stock valued at $3,975,000 after purchasing an additional 49,554 shares in the last quarter. Focus Partners Wealth purchased a new position in iShares Asia 50 ETF in the 4th quarter worth about $3,183,000. Uniting Wealth Partners LLC bought a new position in iShares Asia 50 ETF during the 4th quarter valued at about $1,391,000. Royal Bank of Canada lifted its stake in iShares Asia 50 ETF by 168.7% during the 1st quarter. Royal Bank of Canada now owns 24,403 shares of the company’s stock valued at $1,766,000 after acquiring an additional 15,321 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of iShares Asia 50 ETF by 101.5% during the 4th quarter. Bank of America Corp DE now owns 25,309 shares of the company’s stock valued at $1,717,000 after acquiring an additional 12,751 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.