iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Share Price Break Below 200-Day Moving Average – Time to Sell?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $34.26 and traded as low as $32.72. iShares Emerging Markets Dividend ETF shares last traded at $33.56, with a volume of 305,494 shares traded.

iShares Emerging Markets Dividend ETF Trading Down 0.4%

The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 7.78 and a beta of 0.51. The firm’s 50-day moving average is $35.01 and its two-hundred day moving average is $34.28.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

A number of hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in iShares Emerging Markets Dividend ETF by 44.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 158,519 shares of the company’s stock valued at $5,450,000 after purchasing an additional 48,825 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 valued at $11,995,000 after purchasing an additional 45,576 shares in the last quarter. Crescent Grove Advisors LLC acquired a new stake in iShares Emerging Markets Dividend ETF during the 3rd quarter worth $5,607,000. Pinnacle Bancorp Inc. acquired a new stake in iShares Emerging Markets Dividend ETF during the 3rd quarter worth $197,000. Finally, Argent Advisors Inc. boosted its stake in iShares Emerging Markets Dividend ETF by 0.9% during the 1st quarter. Argent Advisors Inc. now owns 235,524 shares of the company’s stock worth $8,097,000 after purchasing an additional 1,992 shares during the last quarter.

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.