iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sets New 12-Month High – What’s Next?

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYEGet Free Report) reached a new 52-week high on Monday . The company traded as high as $35.33 and last traded at $35.2450, with a volume of 112 shares. The stock had previously closed at $34.87.

iShares Emerging Markets Dividend ETF Stock Performance

The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.78 and a beta of 0.65. The business’s 50-day simple moving average is $32.82 and its 200-day simple moving average is $31.13.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

Several hedge funds have recently added to or reduced their stakes in DVYE. Bank of New York Mellon Corp grew its position in shares of iShares Emerging Markets Dividend ETF by 42.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 221,610 shares of the company’s stock worth $6,349,000 after buying an additional 65,676 shares during the period. Winnow Wealth LLC acquired a new position in iShares Emerging Markets Dividend ETF during the third quarter valued at approximately $633,000. Vista Capital Partners Inc. bought a new stake in iShares Emerging Markets Dividend ETF in the third quarter valued at approximately $800,000. Raelipskie Partnership increased its stake in iShares Emerging Markets Dividend ETF by 1.6% in the fourth quarter. Raelipskie Partnership now owns 21,540 shares of the company’s stock valued at $671,000 after purchasing an additional 340 shares in the last quarter. Finally, Western Wealth Management LLC raised its holdings in iShares Emerging Markets Dividend ETF by 17.0% in the fourth quarter. Western Wealth Management LLC now owns 9,413 shares of the company’s stock worth $293,000 after purchasing an additional 1,371 shares during the period.

iShares Emerging Markets Dividend ETF Company Profile

(Get Free Report)

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.

Further Reading

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