iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Hits New 1-Year High – Here’s Why

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) shares reached a new 52-week high on Tuesday . The company traded as high as $36.38 and last traded at $36.36, with a volume of 54013 shares. The stock had previously closed at $36.18.

iShares Emerging Markets Dividend ETF Stock Performance

The business has a 50 day simple moving average of $34.06 and a 200-day simple moving average of $34.21. The stock has a market capitalization of $1.29 billion, a P/E ratio of 7.78 and a beta of 0.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DVYE. Highland Investment Advisors LLC acquired a new stake in iShares Emerging Markets Dividend ETF in the 2nd quarter valued at about $68,000. Crescent Grove Advisors LLC grew its stake in shares of iShares Emerging Markets Dividend ETF by 8.6% in the 1st quarter. Crescent Grove Advisors LLC now owns 151,258 shares of the company’s stock worth $5,200,000 after purchasing an additional 11,917 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of iShares Emerging Markets Dividend ETF by 15.0% in the 1st quarter. Bank of New York Mellon Corp now owns 348,902 shares of the company’s stock worth $11,995,000 after purchasing an additional 45,576 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of iShares Emerging Markets Dividend ETF in the 1st quarter worth approximately $29,000. Finally, Bogart Wealth LLC bought a new stake in shares of iShares Emerging Markets Dividend ETF in the 1st quarter worth approximately $34,000.

iShares Emerging Markets Dividend ETF Company Profile

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.