iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw strong trading volume on Friday . 670,447 shares were traded during mid-day trading, an increase of 212% from the previous session’s volume of 215,126 shares.The stock last traded at $34.19 and had previously closed at $34.26.

iShares Emerging Markets Dividend ETF Trading Down 0.6%

The company has a market capitalization of $1.28 billion, a P/E ratio of 7.78 and a beta of 0.51. The business has a 50 day moving average price of $34.64 and a 200 day moving average price of $33.35.

Institutional Trading of iShares Emerging Markets Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of DVYE. Marshall Wace LLP increased its stake in shares of 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 valued at $4,863,000 after acquiring an additional 117,555 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Emerging Markets Dividend ETF by 69.8% in the 4th quarter. JPMorgan Chase & Co. now owns 277,124 shares of the company’s stock valued at $8,635,000 after purchasing an additional 113,873 shares during the period. NewEdge Advisors LLC grew its position in shares of 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 purchasing an additional 52,235 shares during the period. Benchmark Investment Advisors LLC acquired a new position in shares of iShares Emerging Markets Dividend ETF in the 3rd quarter valued at approximately $1,445,000. Finally, Janney Montgomery Scott LLC grew its position in shares of iShares Emerging Markets Dividend ETF by 44.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 158,519 shares of the company’s stock valued at $5,450,000 after purchasing an additional 48,825 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.