iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Unusually-High Trading Volume – Here’s Why

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw strong trading volume on Thursday . 334,271 shares changed hands during mid-day trading, an increase of 206% from the previous session’s volume of 109,224 shares.The stock last traded at $26.09 and had previously closed at $25.88.

iShares Emerging Markets Dividend ETF Price Performance

The company has a fifty day moving average of $26.71 and a 200-day moving average of $27.03. The firm has a market capitalization of $708.15 million, a PE ratio of 7.12 and a beta of 0.69.

Institutional Trading of iShares Emerging Markets Dividend ETF

Institutional investors have recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC boosted its position in iShares Emerging Markets Dividend ETF by 2.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 41,393 shares of the company’s stock worth $1,069,000 after purchasing an additional 927 shares during the period. Baird Financial Group Inc. raised its holdings in iShares Emerging Markets Dividend ETF by 3.7% in the 4th quarter. Baird Financial Group Inc. now owns 47,544 shares of the company’s stock worth $1,228,000 after acquiring an additional 1,684 shares during the period. Lowe Wealth Advisors LLC lifted its position in iShares Emerging Markets Dividend ETF by 13.9% during the 4th quarter. Lowe Wealth Advisors LLC now owns 17,201 shares of the company’s stock worth $444,000 after acquiring an additional 2,101 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in iShares Emerging Markets Dividend ETF by 867.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,583 shares of the company’s stock valued at $67,000 after acquiring an additional 2,316 shares during the period. Finally, Benchmark Investment Advisors LLC grew its position in shares of iShares Emerging Markets Dividend ETF by 14.1% in the fourth quarter. Benchmark Investment Advisors LLC now owns 44,910 shares of the company’s stock valued at $1,160,000 after purchasing an additional 5,538 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.