iShares Asia 50 ETF (NASDAQ:AIA) Sees Large Volume Increase After Dividend Announcement

iShares Asia 50 ETF (NASDAQ:AIA) shares saw an uptick in trading volume on Tuesday following a dividend announcement from the company. 1,512,261 shares were traded during trading, an increase of 1,356% from the previous session’s volume of 103,866 shares.The stock last traded at $92.1390 and had previously closed at $94.86.

The newly announced dividend which will be paid on Friday, December 19th. Investors of record on Tuesday, December 16th will be paid a $1.6251 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a yield of 352.0%.

iShares Asia 50 ETF Stock Down 0.6%

The firm has a 50-day moving average price of $96.42 and a two-hundred day moving average price of $89.12. The firm has a market cap of $1.36 billion, a PE ratio of 13.81 and a beta of 0.70.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. PGIM Custom Harvest LLC boosted its holdings in iShares Asia 50 ETF by 5.3% in the 3rd quarter. PGIM Custom Harvest LLC now owns 3,222 shares of the company’s stock valued at $305,000 after purchasing an additional 163 shares during the last quarter. Bank of America Corp DE grew its position in iShares Asia 50 ETF by 1.6% in the second quarter. Bank of America Corp DE now owns 13,304 shares of the company’s stock worth $1,078,000 after acquiring an additional 204 shares during the period. City Holding Co. increased its stake in iShares Asia 50 ETF by 8.9% during the second quarter. City Holding Co. now owns 3,675 shares of the company’s stock worth $298,000 after acquiring an additional 300 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its position in iShares Asia 50 ETF by 2.2% in the third quarter. Redhawk Wealth Advisors Inc. now owns 14,092 shares of the company’s stock valued at $1,333,000 after purchasing an additional 309 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of iShares Asia 50 ETF by 5.3% in the 2nd quarter. NewEdge Advisors LLC now owns 6,200 shares of the company’s stock valued at $503,000 after purchasing an additional 313 shares during the last quarter.

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.