iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Large Volume Increase – Here’s Why

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw unusually-strong trading volume on Monday . Approximately 186,332 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 226,243 shares.The stock last traded at $33.29 and had previously closed at $33.15.

iShares Emerging Markets Dividend ETF Stock Performance

The firm has a fifty day simple moving average of $33.53 and a 200 day simple moving average of $33.88. The company has a market capitalization of $1.20 billion, a PE ratio of 7.78 and a beta of 0.50.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

Several institutional investors have recently made changes to their positions in the company. Raelipskie Partnership raised its holdings in iShares Emerging Markets Dividend ETF by 1.6% in the fourth quarter. Raelipskie Partnership now owns 21,540 shares of the company’s stock worth $671,000 after purchasing an additional 340 shares in the last quarter. Vantage Financial Partners LLC boosted its holdings in shares of iShares Emerging Markets Dividend ETF by 1.4% in the 4th quarter. Vantage Financial Partners LLC now owns 30,270 shares of the company’s stock valued at $943,000 after buying an additional 412 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of 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 valued at $314,000 after buying an additional 414 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of iShares Emerging Markets Dividend ETF by 7.0% in the 4th quarter. IHT Wealth Management LLC now owns 11,589 shares of the company’s stock worth $361,000 after buying an additional 760 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of iShares Emerging Markets Dividend ETF during the 1st quarter worth approximately $29,000.

About iShares Emerging Markets Dividend ETF

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.