McAdam LLC Lowers Stock Holdings in iShares Asia 50 ETF (NASDAQ:AIA)

McAdam LLC trimmed its position in iShares Asia 50 ETF (NASDAQ:AIA) by 33.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,826 shares of the company’s stock after selling 3,963 shares during the period. McAdam LLC’s holdings in iShares Asia 50 ETF were worth $566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Patten Group Inc. bought a new position in shares of iShares Asia 50 ETF in the third quarter worth approximately $203,000. Upper Left Wealth Management LLC lifted its position in iShares Asia 50 ETF by 5.3% during the second quarter. Upper Left Wealth Management LLC now owns 5,835 shares of the company’s stock valued at $392,000 after buying an additional 292 shares during the period. Marshall Wace LLP lifted its position in iShares Asia 50 ETF by 68.1% during the second quarter. Marshall Wace LLP now owns 7,060 shares of the company’s stock valued at $474,000 after buying an additional 2,860 shares during the period. Avalon Capital Management purchased a new position in shares of iShares Asia 50 ETF in the 2nd quarter worth about $2,030,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of iShares Asia 50 ETF by 3.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,543 shares of the company’s stock worth $2,704,000 after purchasing an additional 1,615 shares during the last quarter.

iShares Asia 50 ETF Price Performance

AIA opened at $72.70 on Friday. iShares Asia 50 ETF has a 1 year low of $52.02 and a 1 year high of $77.44. The stock has a 50-day moving average price of $69.78 and a 200-day moving average price of $66.92. The firm has a market cap of $1.41 billion, a PE ratio of 12.57 and a beta of 0.71.

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.