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

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw an uptick in trading volume on Friday . 670,447 shares changed hands during trading, an increase of 212% from the previous session’s volume of 215,126 shares.The stock last traded at $34.19 and had previously closed at $34.26.

iShares Emerging Markets Dividend ETF Stock Down 0.2%

The company’s fifty day moving average price is $34.63 and its 200-day moving average price is $33.35. The stock has a market capitalization of $1.28 billion, a PE ratio of 7.78 and a beta of 0.51.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

Hedge funds have recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new position in iShares Emerging Markets Dividend ETF in the 1st quarter worth approximately $29,000. Triumph Capital Management purchased a new position in iShares Emerging Markets Dividend ETF in the 3rd quarter worth approximately $34,000. Bogart Wealth LLC purchased a new position in iShares Emerging Markets Dividend ETF in the 1st quarter worth approximately $34,000. Root Financial Partners LLC purchased a new position in iShares Emerging Markets Dividend ETF in the 1st quarter worth approximately $42,000. Finally, Sound Income Strategies LLC purchased a new position in iShares Emerging Markets Dividend ETF in the 1st quarter worth approximately $139,000.

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.