Fulcrum Equity Management acquired a new stake in iShares Asia 50 ETF (NASDAQ:AIA) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 9,003 shares of the company’s stock, valued at approximately $830,000.
Other hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp grew its stake in shares of iShares Asia 50 ETF by 7.2% in the 3rd quarter. Truist Financial Corp now owns 19,876 shares of the company’s stock valued at $1,427,000 after purchasing an additional 1,332 shares during the period. First Pacific Financial bought a new stake in shares of iShares Asia 50 ETF in the 4th quarter valued at approximately $883,000. LPL Financial LLC grew its stake in shares of iShares Asia 50 ETF by 208.5% in the 4th quarter. LPL Financial LLC now owns 43,388 shares of the company’s stock valued at $3,782,000 after purchasing an additional 29,323 shares during the period. Mid Atlantic Financial Management Inc. ADV bought a new stake in iShares Asia 50 ETF during the 4th quarter worth approximately $245,000. Finally, Perigon Wealth Management LLC bought a new stake in iShares Asia 50 ETF during the 4th quarter worth approximately $26,000.
NASDAQ AIA traded up $1.33 during trading hours on Thursday, reaching $93.88. 628 shares of the company’s stock were exchanged, compared to its average volume of 382,432. iShares Asia 50 ETF has a one year low of $56.76 and a one year high of $102.50. The firm has a fifty day moving average of $94.88 and a 200-day moving average of $86.93.
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.
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