Invesco Asia Dragon Trust (LON:IAD) Shares Down 1.6% – Here’s What Happened

Invesco Asia Dragon Trust (LON:IAD) shares dropped 1.6% on Friday. The company traded as low as GBX 469 and last traded at GBX 469. 109,392 shares traded hands during trading, a decline of 74% from the average daily volume of 420,741 shares. The stock had previously closed at GBX 476.50.

Invesco Asia Dragon Trust Stock Performance

The firm has a market capitalization of £934.29 million and a price-to-earnings ratio of 3.38. The stock’s fifty day moving average is GBX 496.02 and its two-hundred day moving average is GBX 481.32.

Invesco Asia Dragon Trust (LON:IAD) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported GBX 9.83 EPS for the quarter.

Insider Activity

In other Invesco Asia Dragon Trust news, insider Sonya Huen Rogerson purchased 10,253 shares of Invesco Asia Dragon Trust stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average price of GBX 505 per share, with a total value of £51,777.65. Also, insider Nicole Yuen acquired 2,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were acquired at an average price of GBX 504 per share, with a total value of £10,080. In the last quarter, insiders purchased 13,253 shares of company stock worth $6,688,765. Insiders own 0.22% of the company’s stock.

Invesco Asia Dragon Trust Company Profile

Invesco Asia Dragon Trust plc (LON: IAD) is a closed‑end investment trust listed on the London Stock Exchange that provides investors with exposure to equity markets across the Asia and Asia‑Pacific region. The trust is managed by investment teams within Invesco, offering a vehicle for institutional and retail investors to gain diversified access to companies across a range of industries in the region through a single listed security.

The trust’s primary activity is active portfolio management of Asian equities with the objective of long‑term capital growth.