EWG Elevate Inc. Trims Holdings in iShares Asia 50 ETF

Investment firm EWG Elevate Inc. has reduced its ownership in the iShares Asia 50 ETF (NASDAQ:AIA) by 4.4% during the third quarter, as revealed by the latest SEC filings. This move led to the sale of 4,145 shares, leaving EWG Elevate with a total of 89,366 shares valued at approximately $4.95 million. The ETF represents 2.2% of their investment portfolio, ranking as their 14th largest holding and comprising 0.36% of the total shares of iShares Asia 50 ETF.

Activity by Other Major Investors

Other notable investors have also been active with AIA shares. During the first quarter, Advisor Group Holdings Inc. increased its stake by 5.5%, holding 4,254 shares. BlackRock Inc. raised their share amount by 2.5%, amassing a total of 7,676,687 shares. Allianz Asset Management GmbH grew their holding by 73.5%, owning 60,900 shares, while Prudential Financial Inc. experienced a significant boost of 1,829.5%, resulting in 90,474 shares. Eqis Capital Management Inc. also expanded its shares by 13.7%, ending with 4,338 shares owned.

iShares Asia 50 ETF Stock Performance

During recent trading, shares of the iShares Asia 50 ETF fell by $0.32 to a value of $57.16. Trading volumes hit 12,848 shares, against the average of 79,627. The ETF has fluctuated between a 12-month high of $67.50 and a low of $53.52. Current market metrics show a 50-day moving average of $56.55 and a 200-day moving average of $58.21, with a total market cap of $1.41 billion, a P/E ratio of 10.57, and a beta of 0.71.

About iShares Asia 50 ETF

The iShares Asia 50 ETF aims to replicate the performance of the S&P Asia 50 Index, which is designed to track the market capitalization-weighted performance of 50 leading companies from four Asian markets: Hong Kong, Singapore, South Korea, and Taiwan. The ETF provides investors with exposure to some of the major Asian economies and their leading companies.

EWG, Elevate, iShares, ETF, Stock, Investment, Shares