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

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw strong trading volume on Friday . 670,447 shares were traded during mid-day trading, an increase of 212% from the previous session’s volume of 215,126 shares.The stock last traded at $34.19 and had previously closed at $34.26.

iShares Emerging Markets Dividend ETF Price Performance

The company has a market capitalization of $1.28 billion, a P/E ratio of 7.78 and a beta of 0.51. The company has a 50 day moving average of $34.63 and a 200-day moving average of $33.35.

Institutional Trading of iShares Emerging Markets Dividend ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Crescent Grove Advisors LLC lifted its holdings in shares of iShares Emerging Markets Dividend ETF by 8.6% during 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 lifted its holdings in shares of 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 valued at $11,995,000 after purchasing an additional 45,576 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of iShares Emerging Markets Dividend ETF during the first quarter valued at approximately $29,000. Bogart Wealth LLC purchased a new position in shares of iShares Emerging Markets Dividend ETF during the first quarter valued at approximately $34,000. Finally, Sound Income Strategies LLC purchased a new position in shares of iShares Emerging Markets Dividend ETF during the first quarter valued at approximately $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.