iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Large Volume Increase – Time to Buy?

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw unusually-strong trading volume on Friday . Approximately 155,000 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 101,004 shares.The stock last traded at $25.47 and had previously closed at $27.02.

iShares Emerging Markets Dividend ETF Stock Performance

The company has a market capitalization of $691.42 million, a P/E ratio of 7.12 and a beta of 0.69. The stock has a fifty day moving average of $26.95 and a 200 day moving average of $27.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in iShares Emerging Markets Dividend ETF by 281.9% during the third quarter. JPMorgan Chase & Co. now owns 75,752 shares of the company’s stock valued at $2,174,000 after purchasing an additional 55,919 shares in the last quarter. Argent Advisors Inc. lifted its holdings in shares of iShares Emerging Markets Dividend ETF by 12.3% in the 4th quarter. Argent Advisors Inc. now owns 227,898 shares of the company’s stock valued at $5,887,000 after acquiring an additional 25,025 shares during the last quarter. Crestwood Advisors Group LLC grew its position in iShares Emerging Markets Dividend ETF by 2.3% in the fourth quarter. Crestwood Advisors Group LLC now owns 41,393 shares of the company’s stock worth $1,069,000 after acquiring an additional 927 shares in the last quarter. IHT Wealth Management LLC increased its stake in 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 acquiring an additional 4,919 shares during the last quarter. Finally, Crescent Grove Advisors LLC raised its position in iShares Emerging Markets Dividend ETF by 13.2% during the fourth quarter. Crescent Grove Advisors LLC now owns 117,971 shares of the company’s stock valued at $3,047,000 after purchasing an additional 13,742 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.