iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Reaches New 12-Month High – Here’s Why

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.17 and last traded at $34.99, with a volume of 15641 shares. The stock had previously closed at $34.73.

iShares Emerging Markets Dividend ETF Stock Up 1.5%

The firm’s 50 day simple moving average is $32.26 and its two-hundred day simple moving average is $30.81. The stock has a market capitalization of $1.20 billion, a P/E ratio of 7.78 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 113,873 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of iShares Emerging Markets Dividend ETF by 1.6% in the 3rd quarter. NewEdge Advisors LLC now owns 260,621 shares of the company’s stock worth $7,738,000 after purchasing an additional 4,083 shares in the last quarter. Argent Advisors Inc. grew its position in iShares Emerging Markets Dividend ETF by 2.6% in the 3rd quarter. Argent Advisors Inc. now owns 248,526 shares of the company’s stock valued at $7,379,000 after purchasing an additional 6,182 shares during the period. Bank of New York Mellon Corp grew its position in iShares Emerging Markets Dividend ETF by 42.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 221,610 shares of the company’s stock valued at $6,349,000 after purchasing an additional 65,676 shares during the period. Finally, Marshall Wace LLP increased 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 valued at $4,863,000 after purchasing an additional 117,555 shares in the last quarter.

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.