iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Reaches New 52-Week Low – Here’s What Happened

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) shares hit a new 52-week low on Friday . The company traded as low as $25.20 and last traded at $25.20, with a volume of 27152 shares changing hands. The stock had previously closed at $25.64.

iShares Emerging Markets Dividend ETF Stock Performance

The stock has a 50 day moving average of $26.98 and a 200-day moving average of $27.38. The company has a market cap of $635.29 million, a PE ratio of 5.28 and a beta of 0.63.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of iShares Emerging Markets Dividend ETF by 71.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,462 shares of the company’s stock valued at $1,779,000 after buying an additional 27,233 shares during the period. Lowe Wealth Advisors LLC lifted its holdings in iShares Emerging Markets Dividend ETF by 5.4% in the third quarter. Lowe Wealth Advisors LLC now owns 15,100 shares of the company’s stock valued at $433,000 after acquiring an additional 778 shares during the period. IHT Wealth Management LLC boosted its position in iShares Emerging Markets Dividend ETF by 53.0% in the 3rd quarter. IHT Wealth Management LLC now owns 14,203 shares of the company’s stock worth $408,000 after purchasing an additional 4,919 shares in the last quarter. Custom Portfolio Group LLC grew its stake in shares of iShares Emerging Markets Dividend ETF by 15.5% during the 2nd quarter. Custom Portfolio Group LLC now owns 81,733 shares of the company’s stock worth $2,151,000 after purchasing an additional 10,943 shares during the period. Finally, Pinnacle Bancorp Inc. increased its holdings in shares of iShares Emerging Markets Dividend ETF by 45.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 5,800 shares of the company’s stock valued at $166,000 after purchasing an additional 1,800 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.