iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Trading Down 1.2% – Time to Sell?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) dropped 1.2% on Monday . The company traded as low as $30.79 and last traded at $30.81. Approximately 149,054 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 156,196 shares. The stock had previously closed at $31.17.

iShares Emerging Markets Dividend ETF Price Performance

The firm has a market capitalization of $970.72 million, a PE ratio of 7.78 and a beta of 0.65. The company has a fifty day moving average of $30.66 and a 200-day moving average of $29.74.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

Several institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. increased its holdings in 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 worth $1,375,000 after buying an additional 2,836 shares during the last quarter. Benchmark Investment Advisors LLC lifted its stake in iShares Emerging Markets Dividend ETF by 5.6% in the first quarter. Benchmark Investment Advisors LLC now owns 47,410 shares of the company’s stock valued at $1,294,000 after acquiring an additional 2,500 shares during the last quarter. NewEdge Advisors LLC grew its position in iShares Emerging Markets Dividend ETF by 347.2% in the first quarter. NewEdge Advisors LLC now owns 204,303 shares of the company’s stock worth $5,575,000 after acquiring an additional 158,614 shares in the last quarter. Lowe Wealth Advisors LLC increased its stake in shares of 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 worth $651,000 after purchasing an additional 500 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of iShares Emerging Markets Dividend ETF by 34.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 32,513 shares of the company’s stock valued at $932,000 after purchasing an additional 8,389 shares in the last quarter.

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.