iShares Asia 50 ETF (NASDAQ:AIA) Sees Strong Trading Volume – Here’s Why

iShares Asia 50 ETF (NASDAQ:AIA) shares saw unusually-strong trading volume on Monday . Approximately 90,108 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 74,931 shares.The stock last traded at $75.29 and had previously closed at $75.09.

iShares Asia 50 ETF Stock Down 0.4 %

The company has a market capitalization of $786.77 million, a P/E ratio of 14.68 and a beta of 0.71. The business has a fifty day moving average price of $72.97 and a 200 day moving average price of $71.31.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of large investors have recently bought and sold shares of the company. West Oak Capital LLC boosted its stake in shares of iShares Asia 50 ETF by 1,433.3% during the 4th 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 last quarter. DRW Securities LLC acquired a new position in iShares Asia 50 ETF during the third quarter valued at approximately $1,295,000. Jane Street Group LLC boosted its position in iShares Asia 50 ETF by 31.4% during the third quarter. Jane Street Group LLC now owns 218,160 shares of the company’s stock valued at $15,769,000 after purchasing an additional 52,169 shares during the last quarter. Aviso Financial Inc. grew its stake in iShares Asia 50 ETF by 97.3% in the fourth quarter. Aviso Financial Inc. now owns 1,385 shares of the company’s stock valued at $94,000 after purchasing an additional 683 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of iShares Asia 50 ETF by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 20,585 shares of the company’s stock worth $1,488,000 after purchasing an additional 760 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.