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

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw unusually-strong trading volume on Monday . Approximately 79,941 shares changed hands during trading, a decline of 33% from the previous session’s volume of 119,903 shares.The stock last traded at $27.83 and had previously closed at $27.63.

iShares Emerging Markets Dividend ETF Stock Down 0.8 %

The stock has a market capitalization of $734.78 million, a PE ratio of 7.85 and a beta of 0.82. The firm’s fifty day moving average price is $26.55 and its two-hundred day moving average price is $27.20.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. 10Elms LLP bought a new position in shares of iShares Emerging Markets Dividend ETF during the 4th quarter valued at approximately $462,000. Baird Financial Group Inc. boosted its position in shares of iShares Emerging Markets Dividend ETF by 3.7% in the fourth quarter. Baird Financial Group Inc. now owns 47,544 shares of the company’s stock worth $1,228,000 after purchasing an additional 1,684 shares during the period. Benchmark Investment Advisors LLC boosted its position in shares of iShares Emerging Markets Dividend ETF by 14.1% in the fourth quarter. Benchmark Investment Advisors LLC now owns 44,910 shares of the company’s stock worth $1,160,000 after purchasing an additional 5,538 shares during the period. Summit Global Investments purchased a new stake in shares of iShares Emerging Markets Dividend ETF in the fourth quarter worth $7,166,000. Finally, Argent Advisors Inc. raised its position in shares of iShares Emerging Markets Dividend ETF by 12.3% during the 4th quarter. Argent Advisors Inc. now owns 227,898 shares of the company’s stock valued at $5,887,000 after purchasing an additional 25,025 shares during the period.

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.