iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Hits New 1-Year High – Here’s Why

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.38 and last traded at $36.36, with a volume of 54013 shares changing hands. The stock had previously closed at $36.18.

iShares Emerging Markets Dividend ETF Price Performance

The company has a market cap of $1.29 billion, a PE ratio of 7.78 and a beta of 0.50. The stock has a fifty day moving average price of $34.06 and a 200-day moving average price of $34.21.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

Several hedge funds have recently bought and sold shares of DVYE. Marshall Wace LLP raised its position in shares of iShares Emerging Markets Dividend ETF by 225.3% in the second 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 during the period. JPMorgan Chase & Co. boosted its holdings in iShares Emerging Markets Dividend ETF by 69.8% during 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 grew its holdings in iShares Emerging Markets Dividend ETF by 25.6% in the 2nd 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 last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares Emerging Markets Dividend ETF by 44.5% in the first quarter. Janney Montgomery Scott LLC now owns 158,519 shares of the company’s stock valued at $5,450,000 after acquiring an additional 48,825 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of iShares Emerging Markets Dividend ETF by 15.0% in 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 acquiring an additional 45,576 shares during the period.

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.