iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Shares Down 2.8% – Here’s Why

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) were down 2.8% during trading on Friday . The company traded as low as $33.82 and last traded at $33.83. Approximately 145,721 shares traded hands during trading, a decline of 35% from the average daily volume of 223,928 shares. The stock had previously closed at $34.79.

iShares Emerging Markets Dividend ETF Price Performance

The business’s 50 day simple moving average is $34.56 and its 200 day simple moving average is $33.10. The company has a market capitalization of $1.27 billion, a PE ratio of 7.78 and a beta of 0.51.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

A number of institutional investors have recently bought and sold shares of the company. Crescent Grove Advisors LLC raised its stake in iShares Emerging Markets Dividend ETF by 8.6% during the first quarter. Crescent Grove Advisors LLC now owns 151,258 shares of the company’s stock worth $5,200,000 after purchasing an additional 11,917 shares during the period. Bank of New York Mellon Corp increased its position in shares of iShares Emerging Markets Dividend ETF by 15.0% during the first quarter. Bank of New York Mellon Corp now owns 348,902 shares of the company’s stock valued at $11,995,000 after acquiring an additional 45,576 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of iShares Emerging Markets Dividend ETF during the first quarter valued at about $29,000. Bogart Wealth LLC acquired a new stake in shares of iShares Emerging Markets Dividend ETF during the first quarter valued at about $34,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of iShares Emerging Markets Dividend ETF during the first quarter valued at about $139,000.

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.