iShares Asia 50 ETF (NASDAQ:AIA) Sees Unusually-High Trading Volume Following Dividend Announcement

Posted by on Jun 8th, 2023

Shares of iShares Asia 50 ETF (NASDAQ:AIA – Get Rating) saw an uptick in trading volume on Wednesday following a dividend announcement from the company. 303,394 shares traded hands during trading, an increase of 192% from the previous session’s volume of 103,754 shares.The stock last traded at $59.96 and had previously closed at $60.81.

The newly announced dividend which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, June 8th will be paid a $0.5273 dividend. The ex-dividend date of this dividend is Wednesday, June 7th.

iShares Asia 50 ETF Stock Performance

The business’s 50 day moving average is $58.81 and its 200 day moving average is $59.36. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.57 and a beta of 0.71.

Institutional Investors Weigh In On iShares Asia 50 ETF

Several hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in shares of iShares Asia 50 ETF by 0.5% in the first quarter. Ameriprise Financial Inc. now owns 61,236 shares of the company’s stock worth $3,790,000 after acquiring an additional 277 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of iShares Asia 50 ETF during the 1st quarter worth about $1,436,000. Jane Street Group LLC boosted its holdings in shares of iShares Asia 50 ETF by 18.7% in the 1st quarter. Jane Street Group LLC now owns 244,819 shares of the company’s stock valued at $15,152,000 after buying an additional 38,603 shares in the last quarter. SFI Advisors LLC boosted its position in shares of iShares Asia 50 ETF by 30.7% in the 1st quarter. SFI Advisors LLC now owns 21,707 shares of the company’s stock valued at $1,343,000 after purchasing an additional 5,093 shares during the period. Finally, BlackRock Inc. grew its position in iShares Asia 50 ETF by 1.3% during the 1st quarter. BlackRock Inc. now owns 8,070,216 shares of the company’s stock worth $499,466,000 after purchasing an additional 104,220 shares during the last quarter.

About iShares Asia 50 ETF

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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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