iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Hits New 1-Year High – Time to Buy?

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) hit a new 52-week high on Wednesday . The company traded as high as $35.97 and last traded at $35.97, with a volume of 17605 shares changing hands. The stock had previously closed at $35.60.

iShares Emerging Markets Dividend ETF Trading Up 0.2%

The firm has a 50 day moving average price of $33.91 and a 200-day moving average price of $34.19. The firm has a market cap of $1.29 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

Hedge funds have recently added to or reduced their stakes in the business. Raelipskie Partnership lifted its holdings in shares of 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. Vantage Financial Partners LLC increased its stake in shares of iShares Emerging Markets Dividend ETF by 1.4% during the 4th quarter. Vantage Financial Partners LLC now owns 30,270 shares of the company’s stock worth $943,000 after purchasing an additional 412 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares Emerging Markets Dividend ETF by 4.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 10,573 shares of the company’s stock worth $314,000 after purchasing an additional 414 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of iShares Emerging Markets Dividend ETF by 7.0% during the 4th quarter. IHT Wealth Management LLC now owns 11,589 shares of the company’s stock worth $361,000 after purchasing an additional 760 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of iShares Emerging Markets Dividend ETF during the 1st quarter worth approximately $29,000.

About iShares Emerging Markets Dividend ETF

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.