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

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) shares saw unusually-strong trading volume on Thursday . Approximately 229,512 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 156,729 shares.The stock last traded at $30.82 and had previously closed at $30.43.

iShares Emerging Markets Dividend ETF Stock Performance

The firm has a fifty day moving average of $30.66 and a 200 day moving average of $29.74. The firm has a market capitalization of $984.59 million, a PE ratio of 7.78 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DVYE. Baird Financial Group Inc. boosted its holdings in shares of iShares Emerging Markets Dividend ETF by 6.0% in the first quarter. Baird Financial Group Inc. now owns 50,380 shares of the company’s stock valued at $1,375,000 after acquiring an additional 2,836 shares in the last quarter. Benchmark Investment Advisors LLC increased its position in iShares Emerging Markets Dividend ETF by 5.6% during the first quarter. Benchmark Investment Advisors LLC now owns 47,410 shares of the company’s stock worth $1,294,000 after acquiring an additional 2,500 shares during the period. NewEdge Advisors LLC raised its stake in shares of iShares Emerging Markets Dividend ETF by 347.2% in the 1st quarter. NewEdge Advisors LLC now owns 204,303 shares of the company’s stock valued at $5,575,000 after buying an additional 158,614 shares in the last quarter. Lowe Wealth Advisors LLC lifted its holdings in iShares Emerging Markets Dividend ETF by 2.2% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 22,725 shares of the company’s stock valued at $651,000 after purchasing an additional 500 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of iShares Emerging Markets Dividend ETF by 34.8% in the second quarter. Janney Montgomery Scott LLC now owns 32,513 shares of the company’s stock worth $932,000 after acquiring an additional 8,389 shares during the last quarter.

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.