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

iShares Asia 50 ETF (NASDAQ:AIA) shares saw strong trading volume on Friday . Approximately 2,038,711 shares changed hands during mid-day trading, an increase of 303% from the previous session’s volume of 506,212 shares.The stock last traded at $139.06 and had previously closed at $139.38.

iShares Asia 50 ETF Trading Down 0.5%

The stock has a market capitalization of $4.85 billion, a P/E ratio of 13.81 and a beta of 0.88. The stock’s 50 day simple moving average is $136.52 and its 200 day simple moving average is $127.24.

iShares Asia 50 ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.5145 dividend. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of hedge funds have recently bought and sold shares of AIA. Corient Private Wealth LP bought a new stake in iShares Asia 50 ETF in the second quarter valued at about $253,000. Ameritas Advisory Services LLC bought a new position in iShares Asia 50 ETF during the 2nd quarter worth approximately $654,000. TD Waterhouse Canada Inc. grew its position in shares of iShares Asia 50 ETF by 58,737.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 77,077 shares of the company’s stock worth $10,518,000 after acquiring an additional 76,946 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of iShares Asia 50 ETF in the 2nd quarter valued at approximately $60,000. Finally, Fiduciary Financial Group LLC acquired a new stake in shares of iShares Asia 50 ETF during the 2nd quarter valued at approximately $262,000.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.