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

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $32.85 and last traded at $32.76, with a volume of 80035 shares trading hands. The stock had previously closed at $32.59.

iShares Emerging Markets Dividend ETF Stock Up 1.0%

The stock has a market capitalization of $1.09 billion, a PE ratio of 7.78 and a beta of 0.65. The stock’s 50 day moving average price is $31.34 and its 200-day moving average price is $30.27.

Institutional Trading of iShares Emerging Markets Dividend ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management purchased a new stake in iShares Emerging Markets Dividend ETF during the 3rd quarter valued at approximately $34,000. Morgan Dempsey Capital Management LLC bought a new position in shares of iShares Emerging Markets Dividend ETF during the 2nd quarter valued at about $53,000. Western Wealth Management LLC bought a new stake in shares of iShares Emerging Markets Dividend ETF in the third quarter worth about $239,000. Ameriprise Financial Inc. grew its holdings in 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 valued at $314,000 after buying an additional 414 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in iShares Emerging Markets Dividend ETF by 33.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 13,480 shares of the company’s stock worth $397,000 after acquiring an additional 3,364 shares during the last quarter.

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.