iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Large Volume Increase – Still a Buy?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) shares saw unusually-high trading volume on Friday . Approximately 806,929 shares changed hands during trading, an increase of 223% from the previous session’s volume of 250,135 shares.The stock last traded at $34.4160 and had previously closed at $34.08.

iShares Emerging Markets Dividend ETF Stock Performance

The stock’s 50-day simple moving average is $32.12 and its 200 day simple moving average is $30.72. The company has a market capitalization of $1.17 billion, a PE ratio of 7.78 and a beta of 0.65.

Institutional Trading of iShares Emerging Markets Dividend ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DVYE. Janney Montgomery Scott LLC raised its position in shares of iShares Emerging Markets Dividend ETF by 34.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 32,513 shares of the company’s stock worth $932,000 after acquiring an additional 8,389 shares in the last quarter. Bank of New York Mellon Corp increased its stake in iShares Emerging Markets Dividend ETF by 42.1% in the second quarter. Bank of New York Mellon Corp now owns 221,610 shares of the company’s stock valued at $6,349,000 after purchasing an additional 65,676 shares during the last quarter. Winnow Wealth LLC acquired a new stake in iShares Emerging Markets Dividend ETF during the third quarter worth approximately $633,000. Morgan Dempsey Capital Management LLC purchased a new stake in shares of iShares Emerging Markets Dividend ETF during the 2nd quarter worth approximately $53,000. Finally, 10Elms LLP lifted its position in shares of iShares Emerging Markets Dividend ETF by 8.7% during the 3rd quarter. 10Elms LLP now owns 26,106 shares of the company’s stock worth $775,000 after buying an additional 2,100 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.