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

iShares Asia 50 ETF (NASDAQ:AIA) saw an uptick in trading volume on Thursday . 14,346 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 18,512 shares.The stock last traded at $69.44 and had previously closed at $69.86.

iShares Asia 50 ETF Price Performance

The firm’s 50 day moving average price is $69.05 and its 200 day moving average price is $69.17. The stock has a market capitalization of $732.47 million, a P/E ratio of 12.57 and a beta of 0.71.

iShares Asia 50 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.5096 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares Asia 50 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Activest Wealth Management purchased a new position in iShares Asia 50 ETF during the 3rd quarter valued at $35,000. Finley Financial LLC purchased a new position in shares of iShares Asia 50 ETF during the fourth quarter valued at about $59,000. Patten Group Inc. bought a new position in iShares Asia 50 ETF in the third quarter worth about $203,000. West Oak Capital LLC lifted its holdings in iShares Asia 50 ETF by 1,433.3% in the fourth quarter. West Oak Capital LLC now owns 4,600 shares of the company’s stock worth $312,000 after buying an additional 4,300 shares during the period. Finally, Miracle Mile Advisors LLC bought a new stake in iShares Asia 50 ETF during the 4th quarter valued at approximately $334,000.

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.