iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Reaches New 1-Year High – Still a Buy?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $35.33 and last traded at $35.2450, with a volume of 112 shares changing hands. The stock had previously closed at $34.87.

iShares Emerging Markets Dividend ETF Price Performance

The company has a market cap of $1.20 billion, a PE ratio of 7.78 and a beta of 0.65. The company has a 50-day moving average price of $32.99 and a two-hundred day moving average price of $31.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP increased its stake in iShares Emerging Markets Dividend ETF by 225.3% during the 2nd quarter. Marshall Wace LLP now owns 169,742 shares of the company’s stock worth $4,863,000 after buying an additional 117,555 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares Emerging Markets Dividend ETF by 69.8% during the fourth quarter. JPMorgan Chase & Co. now owns 277,124 shares of the company’s stock valued at $8,635,000 after acquiring an additional 113,873 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares Emerging Markets Dividend ETF by 42.1% during the second quarter. Bank of New York Mellon Corp now owns 221,610 shares of the company’s stock worth $6,349,000 after acquiring an additional 65,676 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of iShares Emerging Markets Dividend ETF by 25.6% in the second quarter. NewEdge Advisors LLC now owns 256,538 shares of the company’s stock worth $7,350,000 after acquiring an additional 52,235 shares in the last quarter. Finally, Benchmark Investment Advisors LLC acquired a new position in shares of iShares Emerging Markets Dividend ETF in the third quarter worth about $1,445,000.

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.