iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Unusually-High Trading Volume – Still a Buy?

by · The Cerbat Gem

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE – Get Free Report) saw strong trading volume on Thursday . 229,512 shares changed hands during trading, an increase of 46% from the previous session’s volume of 156,729 shares.The stock last traded at $30.82 and had previously closed at $30.43.

iShares Emerging Markets Dividend ETF Stock Performance

The company has a market capitalization of $984.59 million, a price-to-earnings ratio of 7.78 and a beta of 0.65. The company has a 50 day moving average price of $30.66 and a 200 day moving average price of $29.74.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Triumph Capital Management purchased a new stake in iShares Emerging Markets Dividend ETF in the 3rd quarter valued at about $34,000. Morgan Dempsey Capital Management LLC purchased a new stake in iShares Emerging Markets Dividend ETF in the 2nd quarter worth approximately $53,000. Western Wealth Management LLC purchased a new stake in iShares Emerging Markets Dividend ETF in the third quarter valued at approximately $239,000. Ameriprise Financial Inc. lifted its position in iShares Emerging Markets Dividend ETF by 4.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 10,573 shares of the company’s stock worth $314,000 after buying an additional 414 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of iShares Emerging Markets Dividend ETF by 33.3% during the third quarter. Jones Financial Companies Lllp now owns 13,480 shares of the company’s stock valued at $397,000 after buying an additional 3,364 shares during the last quarter.

iShares Emerging Markets Dividend ETF Company Profile

(Get Free Report)

The iShares Emerging Markets Dividend ETF (DVYE) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a dividend-weighted index of high-dividend-paying emerging markets companies. DVYE was launched on Feb 23, 2012 and is managed by BlackRock.

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