iShares Asia 50 ETF (NASDAQ:AIA) Sees Strong Trading Volume

iShares Asia 50 ETF (NASDAQ:AIA) shares saw unusually-strong trading volume on Thursday . Approximately 328,815 shares traded hands during mid-day trading, an increase of 346% from the previous session’s volume of 73,786 shares.The stock last traded at $67.88 and had previously closed at $65.88.

iShares Asia 50 ETF Trading Up 3.2 %

The company has a market cap of $1.57 billion, a price-to-earnings ratio of 12.57 and a beta of 0.71. The business has a fifty day moving average of $66.28 and a two-hundred day moving average of $64.67.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of large investors have recently bought and sold shares of AIA. Flow Traders U.S. LLC raised its holdings in shares of iShares Asia 50 ETF by 44.0% during the first quarter. Flow Traders U.S. LLC now owns 230,957 shares of the company’s stock valued at $14,021,000 after acquiring an additional 70,559 shares during the last quarter. OLD Mission Capital LLC raised its holdings in shares of iShares Asia 50 ETF by 147.2% during the first quarter. OLD Mission Capital LLC now owns 214,209 shares of the company’s stock valued at $13,005,000 after acquiring an additional 127,571 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares Asia 50 ETF during the first quarter valued at approximately $6,847,000. StoneX Group Inc. acquired a new position in shares of iShares Asia 50 ETF during the first quarter valued at approximately $4,177,000. Finally, Bank of Montreal Can raised its holdings in shares of iShares Asia 50 ETF by 1,142.7% during the second quarter. Bank of Montreal Can now owns 47,159 shares of the company’s stock valued at $3,206,000 after acquiring an additional 43,364 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.