iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Reaches New 52-Week High – Still a Buy?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.03 and last traded at $33.86, with a volume of 266646 shares trading hands. The stock had previously closed at $33.81.

iShares Emerging Markets Dividend ETF Price Performance

The business’s fifty day moving average price is $31.50 and its 200 day moving average price is $30.40. The stock has a market cap of $1.13 billion, a P/E ratio of 7.78 and a beta of 0.65.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Marshall Wace LLP increased its holdings in iShares Emerging Markets Dividend ETF by 225.3% in the 2nd quarter. Marshall Wace LLP now owns 169,742 shares of the company’s stock worth $4,863,000 after purchasing an additional 117,555 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of iShares Emerging Markets Dividend ETF by 42.1% in the second quarter. Bank of New York Mellon Corp now owns 221,610 shares of the company’s stock valued at $6,349,000 after buying an additional 65,676 shares during the period. NewEdge Advisors LLC increased 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 valued at $7,350,000 after buying an additional 52,235 shares during the period. Benchmark Investment Advisors LLC bought a new position in iShares Emerging Markets Dividend ETF in the 3rd quarter valued at approximately $1,445,000. Finally, JPMorgan Chase & Co. boosted its position in iShares Emerging Markets Dividend ETF by 33.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 168,700 shares of the company’s stock worth $4,833,000 after buying an additional 42,113 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.