iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Hits New 12-Month High – Time to Buy?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $35.97 and last traded at $35.97, with a volume of 17605 shares trading hands. The stock had previously closed at $35.60.

iShares Emerging Markets Dividend ETF Price Performance

The firm has a market capitalization of $1.29 billion, a P/E ratio of 7.78 and a beta of 0.50. The firm has a fifty day simple moving average of $33.75 and a two-hundred day simple moving average of $34.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DVYE. Bank of New York Mellon Corp lifted its stake in shares of iShares Emerging Markets Dividend ETF by 15.0% in the 1st quarter. Bank of New York Mellon Corp now owns 348,902 shares of the company’s stock valued at $11,995,000 after acquiring an additional 45,576 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares Emerging Markets Dividend ETF by 69.8% in the fourth quarter. JPMorgan Chase & Co. now owns 277,124 shares of the company’s stock valued at $8,635,000 after purchasing an additional 113,873 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of iShares Emerging Markets Dividend ETF by 1.6% during the third quarter. NewEdge Advisors LLC now owns 260,621 shares of the company’s stock valued at $7,738,000 after purchasing an additional 4,083 shares during the period. Argent Advisors Inc. grew its holdings in shares of 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 worth $8,097,000 after purchasing an additional 1,992 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of iShares Emerging Markets Dividend ETF by 4.3% in the fourth quarter. Marshall Wace LLP now owns 180,877 shares of the company’s stock worth $5,636,000 after buying an additional 7,463 shares during the period.

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.