iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Strong Trading Volume – Here’s What Happened

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw strong trading volume on Wednesday. 329,123 shares traded hands during trading, an increase of 65% from the previous session’s volume of 200,069 shares. The stock last traded at $34.0290 and had previously closed at $33.93.

iShares Emerging Markets Dividend ETF Trading Up 0.1%

The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.78 and a beta of 0.50. The company has a fifty day moving average price of $34.77 and a 200-day moving average price of $34.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in shares of iShares Emerging Markets Dividend ETF by 44.5% in the first quarter. Janney Montgomery Scott LLC now owns 158,519 shares of the company’s stock worth $5,450,000 after purchasing an additional 48,825 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of iShares Emerging Markets Dividend ETF by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 348,902 shares of the company’s stock worth $11,995,000 after acquiring an additional 45,576 shares during the last quarter. Highland Investment Advisors LLC bought a new stake in shares of iShares Emerging Markets Dividend ETF during the 2nd quarter worth $68,000. Crescent Grove Advisors LLC grew its position in iShares Emerging Markets Dividend ETF by 8.6% in the first quarter. Crescent Grove Advisors LLC now owns 151,258 shares of the company’s stock worth $5,200,000 after acquiring an additional 11,917 shares in the last quarter. Finally, Argent Advisors Inc. increased its stake in iShares Emerging Markets Dividend ETF by 0.9% in the first quarter. Argent Advisors Inc. now owns 235,524 shares of the company’s stock valued at $8,097,000 after acquiring an additional 1,992 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.