iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Large Volume Increase – Still a Buy?

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw unusually-high trading volume on Friday . Approximately 155,000 shares traded hands during trading, an increase of 53% from the previous session’s volume of 101,004 shares.The stock last traded at $25.47 and had previously closed at $27.02.

iShares Emerging Markets Dividend ETF Stock Performance

The firm has a market capitalization of $691.42 million, a P/E ratio of 7.12 and a beta of 0.69. The company has a 50-day simple moving average of $26.95 and a two-hundred day simple moving average of $27.22.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

Several large investors have recently modified their holdings of the stock. 10Elms LLP purchased a new position in shares of iShares Emerging Markets Dividend ETF during the fourth quarter valued at approximately $462,000. Baird Financial Group Inc. grew its position in iShares Emerging Markets Dividend ETF by 3.7% in the 4th 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 raised its stake in iShares Emerging Markets Dividend ETF by 14.1% during the 4th quarter. Benchmark Investment Advisors LLC now owns 44,910 shares of the company’s stock valued at $1,160,000 after buying an additional 5,538 shares during the last quarter. Summit Global Investments bought a new position in shares of iShares Emerging Markets Dividend ETF during the 4th quarter valued at $7,166,000. Finally, Argent Advisors Inc. lifted its holdings 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 buying 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.