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

Shares of iShares Asia 50 ETF (NASDAQ:AIAGet Free Report) saw an uptick in trading volume on Tuesday . 453,241 shares traded hands during trading, an increase of 340% from the previous session’s volume of 103,065 shares.The stock last traded at $94.4160 and had previously closed at $94.41.

iShares Asia 50 ETF Price Performance

The stock has a market cap of $1.40 billion, a PE ratio of 13.81 and a beta of 0.70. The firm’s 50 day moving average price is $96.18 and its two-hundred day moving average price is $86.88.

Institutional Trading of iShares Asia 50 ETF

Several large investors have recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in iShares Asia 50 ETF by 11.9% in the second quarter. Ameriprise Financial Inc. now owns 132,423 shares of the company’s stock worth $10,735,000 after buying an additional 14,134 shares during the last quarter. Creative Planning bought a new stake in shares of iShares Asia 50 ETF during the 3rd quarter valued at $5,217,000. LPL Financial LLC raised its holdings in iShares Asia 50 ETF by 919.0% in the 1st quarter. LPL Financial LLC now owns 54,946 shares of the company’s stock worth $3,975,000 after purchasing an additional 49,554 shares during the period. EWG Elevate Inc. grew its holdings in iShares Asia 50 ETF by 9.8% during the third quarter. EWG Elevate Inc. now owns 52,163 shares of the company’s stock valued at $4,935,000 after purchasing an additional 4,663 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of iShares Asia 50 ETF by 274.1% during the 3rd quarter. Bank of America Corp DE now owns 49,766 shares of the company’s stock valued at $4,708,000 after acquiring an additional 36,462 shares during the period.

About iShares Asia 50 ETF

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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.

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