iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sets New 12-Month Low – Time to Sell?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $24.27 and last traded at $24.29, with a volume of 66546 shares trading hands. The stock had previously closed at $25.42.

iShares Emerging Markets Dividend ETF Price Performance

The firm has a market capitalization of $662.32 million, a price-to-earnings ratio of 7.12 and a beta of 0.69. The business’s fifty day simple moving average is $26.95 and its 200 day simple moving average is $27.22.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in iShares Emerging Markets Dividend ETF by 867.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,583 shares of the company’s stock valued at $67,000 after purchasing an additional 2,316 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of iShares Emerging Markets Dividend ETF by 53.0% during the third quarter. IHT Wealth Management LLC now owns 14,203 shares of the company’s stock worth $408,000 after acquiring an additional 4,919 shares in the last quarter. Lowe Wealth Advisors LLC increased its position in shares of iShares Emerging Markets Dividend ETF by 13.9% during the fourth quarter. Lowe Wealth Advisors LLC now owns 17,201 shares of the company’s stock worth $444,000 after acquiring an additional 2,101 shares in the last quarter. 10Elms LLP acquired a new stake in shares of iShares Emerging Markets Dividend ETF in the 4th quarter worth about $462,000. Finally, Vantage Financial Partners LLC lifted its position in iShares Emerging Markets Dividend ETF by 29.6% in the 4th quarter. Vantage Financial Partners LLC now owns 28,443 shares of the company’s stock valued at $735,000 after acquiring an additional 6,491 shares in the last quarter.

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.