iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Shares Down 2.8% – Time to Sell?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) fell 2.8% on Friday . The stock traded as low as $33.82 and last traded at $33.83. 145,721 shares traded hands during trading, a decline of 35% from the average session volume of 223,928 shares. The stock had previously closed at $34.79.

iShares Emerging Markets Dividend ETF Stock Performance

The company has a market cap of $1.27 billion, a price-to-earnings ratio of 7.78 and a beta of 0.51. The company has a fifty day moving average of $34.56 and a two-hundred day moving average of $33.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of iShares Emerging Markets Dividend ETF by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 168,700 shares of the company’s stock worth $4,833,000 after acquiring an additional 42,113 shares in the last quarter. Baird Financial Group Inc. increased its position in iShares Emerging Markets Dividend ETF by 4.7% in the 2nd quarter. Baird Financial Group Inc. now owns 52,755 shares of the company’s stock valued at $1,511,000 after buying an additional 2,375 shares in the last quarter. Marshall Wace LLP raised 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. NewEdge Advisors LLC raised its stake in iShares Emerging Markets Dividend ETF by 25.6% during the 2nd quarter. NewEdge Advisors LLC now owns 256,538 shares of the company’s stock worth $7,350,000 after buying an additional 52,235 shares during the period. Finally, Argent Advisors Inc. raised its stake in iShares Emerging Markets Dividend ETF by 2.6% during the 3rd quarter. Argent Advisors Inc. now owns 248,526 shares of the company’s stock worth $7,379,000 after buying an additional 6,182 shares during the period.

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.