iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Hits New 52-Week High – Should You Buy?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $32.07 and last traded at $32.0150, with a volume of 26826 shares trading hands. The stock had previously closed at $31.92.

iShares Emerging Markets Dividend ETF Price Performance

The business’s fifty day moving average price is $31.14 and its 200 day moving average price is $30.09. The stock has a market cap of $1.07 billion, a P/E ratio of 7.78 and a beta of 0.65.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

Several large investors have recently bought and sold shares of the company. Marshall Wace LLP boosted its stake in shares of iShares Emerging Markets Dividend ETF by 225.3% during the second quarter. Marshall Wace LLP now owns 169,742 shares of the company’s stock valued at $4,863,000 after purchasing an additional 117,555 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in iShares Emerging Markets Dividend ETF by 42.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 221,610 shares of the company’s stock valued at $6,349,000 after buying an additional 65,676 shares during the last quarter. NewEdge Advisors LLC boosted its position in iShares Emerging Markets Dividend ETF by 25.6% during the 2nd quarter. NewEdge Advisors LLC now owns 256,538 shares of the company’s stock worth $7,350,000 after buying an additional 52,235 shares during the period. Benchmark Investment Advisors LLC acquired a new stake in iShares Emerging Markets Dividend ETF during the 3rd quarter worth approximately $1,445,000. Finally, JPMorgan Chase & Co. grew its holdings in iShares Emerging Markets Dividend ETF by 33.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 168,700 shares of the company’s stock worth $4,833,000 after acquiring an additional 42,113 shares during 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.