iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Hits New 1-Year Low – Time to Sell?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $25.20 and last traded at $25.20, with a volume of 27152 shares changing hands. The stock had previously closed at $25.64.

iShares Emerging Markets Dividend ETF Price Performance

The firm has a market cap of $634.79 million, a PE ratio of 5.28 and a beta of 0.63. The stock has a 50-day moving average price of $27.03 and a 200 day moving average price of $27.40.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of iShares Emerging Markets Dividend ETF by 281.9% during the third quarter. JPMorgan Chase & Co. now owns 75,752 shares of the company’s stock worth $2,174,000 after purchasing an additional 55,919 shares during the last quarter. IHT Wealth Management LLC raised its stake in iShares Emerging Markets Dividend ETF by 53.0% during the third quarter. IHT Wealth Management LLC now owns 14,203 shares of the company’s stock worth $408,000 after acquiring an additional 4,919 shares during the period. Crescent Grove Advisors LLC lifted its holdings in iShares Emerging Markets Dividend ETF by 11.1% in the third quarter. Crescent Grove Advisors LLC now owns 104,229 shares of the company’s stock worth $2,991,000 after acquiring an additional 10,381 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in iShares Emerging Markets Dividend ETF by 45.0% in the third quarter. Pinnacle Bancorp Inc. now owns 5,800 shares of the company’s stock valued at $166,000 after acquiring an additional 1,800 shares during the period. Finally, Lowe Wealth Advisors LLC boosted its position in iShares Emerging Markets Dividend ETF by 5.4% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 15,100 shares of the company’s stock valued at $433,000 after purchasing an additional 778 shares during the period.

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.