iShares Asia 50 ETF (NASDAQ:AIA) Sees Large Volume Increase – Still a Buy?

iShares Asia 50 ETF (NASDAQ:AIA) saw unusually-strong trading volume on Friday . Approximately 21,437 shares were traded during trading, an increase of 1% from the previous session’s volume of 21,171 shares.The stock last traded at $70.88 and had previously closed at $70.85.

iShares Asia 50 ETF Stock Performance

The stock has a fifty day simple moving average of $69.07 and a 200 day simple moving average of $69.14. The firm has a market cap of $733.13 million, a P/E ratio of 12.57 and a beta of 0.71.

iShares Asia 50 ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $1.5096 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares Asia 50 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of AIA. Activest Wealth Management purchased a new position in shares of iShares Asia 50 ETF during the third quarter valued at approximately $35,000. Finley Financial LLC bought a new stake in iShares Asia 50 ETF in the 4th quarter worth approximately $59,000. Patten Group Inc. purchased a new stake in iShares Asia 50 ETF during the 3rd quarter valued at $203,000. West Oak Capital LLC lifted its holdings 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 valued at $312,000 after buying an additional 4,300 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new position in shares of iShares Asia 50 ETF in the 4th quarter worth $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.