iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Strong Trading Volume – Time to Buy?

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw an uptick in trading volume on Monday . 186,332 shares traded hands during trading, a decline of 18% from the previous session’s volume of 226,243 shares.The stock last traded at $33.29 and had previously closed at $33.15.

iShares Emerging Markets Dividend ETF Stock Up 0.8%

The business has a 50-day moving average price of $33.46 and a two-hundred day moving average price of $33.91. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.78 and a beta of 0.50.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

A number of hedge funds have recently bought and sold shares of the company. Crescent Grove Advisors LLC raised its holdings in shares of iShares Emerging Markets Dividend ETF by 8.6% in the first quarter. Crescent Grove Advisors LLC now owns 151,258 shares of the company’s stock valued at $5,200,000 after purchasing an additional 11,917 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares Emerging Markets Dividend ETF by 15.0% during the first quarter. Bank of New York Mellon Corp now owns 348,902 shares of the company’s stock worth $11,995,000 after purchasing an additional 45,576 shares during the last quarter. Millstone Evans Group LLC purchased a new position in iShares Emerging Markets Dividend ETF during the first quarter worth about $29,000. Bogart Wealth LLC purchased a new position in iShares Emerging Markets Dividend ETF during the first quarter worth about $34,000. Finally, Sound Income Strategies LLC bought a new stake in iShares Emerging Markets Dividend ETF in the 1st quarter worth about $139,000.

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.