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

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw unusually-strong trading volume on Friday . Approximately 806,929 shares changed hands during mid-day trading, an increase of 223% from the previous session’s volume of 250,135 shares.The stock last traded at $34.4160 and had previously closed at $34.08.

iShares Emerging Markets Dividend ETF Trading Up 1.3%

The company has a market capitalization of $1.17 billion, a P/E ratio of 7.78 and a beta of 0.65. The company’s fifty day moving average is $32.05 and its 200 day moving average is $30.68.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Triumph Capital Management bought a new position in shares of iShares Emerging Markets Dividend ETF in the third quarter valued at approximately $34,000. Morgan Dempsey Capital Management LLC bought a new position in iShares Emerging Markets Dividend ETF in the 2nd quarter valued at $53,000. Western Wealth Management LLC purchased a new position in shares of iShares Emerging Markets Dividend ETF during the 3rd quarter valued at $239,000. Ameriprise Financial Inc. grew its position in shares of iShares Emerging Markets Dividend ETF by 4.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 10,573 shares of the company’s stock valued at $314,000 after purchasing an additional 414 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of iShares Emerging Markets Dividend ETF by 33.3% in the third quarter. Jones Financial Companies Lllp now owns 13,480 shares of the company’s stock worth $397,000 after purchasing an additional 3,364 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.