iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Strong Trading Volume – Still a Buy?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw unusually-high trading volume on Friday . Approximately 76,176 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 83,670 shares.The stock last traded at $27.02 and had previously closed at $27.24.

iShares Emerging Markets Dividend ETF Stock Performance

The firm has a market cap of $682.42 million, a price-to-earnings ratio of 5.28 and a beta of 0.63. The company has a 50 day moving average price of $28.14 and a 200 day moving average price of $27.76.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DVYE. Pinnacle Bancorp Inc. raised its stake in shares of iShares Emerging Markets Dividend ETF by 45.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 5,800 shares of the company’s stock valued at $166,000 after acquiring an additional 1,800 shares during the period. Lowe Wealth Advisors LLC lifted its stake in iShares Emerging Markets Dividend ETF by 42.6% during the second quarter. Lowe Wealth Advisors LLC now owns 14,322 shares of the company’s stock worth $389,000 after purchasing an additional 4,282 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of iShares Emerging Markets Dividend ETF by 53.0% during the third quarter. IHT Wealth Management LLC now owns 14,203 shares of the company’s stock worth $408,000 after buying an additional 4,919 shares during the period. Vantage Financial Partners LLC grew its stake in shares of iShares Emerging Markets Dividend ETF by 2.6% in the second quarter. Vantage Financial Partners LLC now owns 21,354 shares of the company’s stock valued at $580,000 after buying an additional 548 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of iShares Emerging Markets Dividend ETF by 71.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,462 shares of the company’s stock valued at $1,779,000 after buying an additional 27,233 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.