iShares Asia 50 ETF (NASDAQ:AIA) Sees Large Volume Increase – What’s Next?

iShares Asia 50 ETF (NASDAQ:AIA) shares saw an uptick in trading volume on Friday . 225,224 shares traded hands during mid-day trading, an increase of 176% from the previous session’s volume of 81,520 shares.The stock last traded at $72.70 and had previously closed at $74.96.

iShares Asia 50 ETF Stock Performance

The company has a 50-day moving average of $70.96 and a 200 day moving average of $67.84. The firm has a market cap of $873 million, a P/E ratio of 12.57 and a beta of 0.71.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its position in 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 purchasing an additional 43,364 shares during the last quarter. Marshall Wace LLP lifted its position in iShares Asia 50 ETF by 68.1% during the second quarter. Marshall Wace LLP now owns 7,060 shares of the company’s stock worth $474,000 after acquiring an additional 2,860 shares during the last quarter. Avalon Capital Management bought a new stake in shares of iShares Asia 50 ETF in the second quarter valued at about $2,030,000. Patten Group Inc. bought a new position in iShares Asia 50 ETF during the 3rd quarter worth $203,000. Finally, Upper Left Wealth Management LLC raised its stake in iShares Asia 50 ETF by 5.3% in the second quarter. Upper Left Wealth Management LLC now owns 5,835 shares of the company’s stock valued at $392,000 after purchasing an additional 292 shares in the last quarter.

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.