LPL Financial LLC Increases Stock Position in iShares Asia 50 ETF (NASDAQ:AIA)

LPL Financial LLC boosted its stake in shares of iShares Asia 50 ETF (NASDAQ:AIA) by 919.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,946 shares of the company’s stock after buying an additional 49,554 shares during the quarter. LPL Financial LLC owned 0.61% of iShares Asia 50 ETF worth $3,975,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Focus Partners Wealth acquired a new stake in shares of iShares Asia 50 ETF during the fourth quarter worth about $3,183,000. Wealth Enhancement Advisory Services LLC raised its holdings in iShares Asia 50 ETF by 1.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,473 shares of the company’s stock valued at $3,017,000 after acquiring an additional 419 shares in the last quarter. Bank of America Corp DE raised its holdings in iShares Asia 50 ETF by 101.5% in the fourth quarter. Bank of America Corp DE now owns 25,309 shares of the company’s stock valued at $1,717,000 after acquiring an additional 12,751 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares Asia 50 ETF by 12.4% in the first quarter. Envestnet Asset Management Inc. now owns 23,918 shares of the company’s stock valued at $1,730,000 after acquiring an additional 2,632 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its holdings in iShares Asia 50 ETF by 1.5% in the first quarter. Insigneo Advisory Services LLC now owns 13,879 shares of the company’s stock valued at $1,004,000 after acquiring an additional 200 shares in the last quarter.

iShares Asia 50 ETF Stock Down 1.8%

Shares of NASDAQ:AIA opened at $85.59 on Friday. The firm’s 50 day moving average price is $82.04 and its 200 day moving average price is $75.86. The stock has a market cap of $864.46 million, a price-to-earnings ratio of 13.81 and a beta of 0.71. iShares Asia 50 ETF has a fifty-two week low of $59.91 and a fifty-two week high of $87.26.

iShares Asia 50 ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were issued a dividend of $0.816 per share. The ex-dividend date of this dividend was Monday, June 16th.

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.