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

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw unusually-high trading volume on Tuesday . Approximately 176,347 shares traded hands during mid-day trading, an increase of 68% from the previous session’s volume of 105,249 shares.The stock last traded at $26.56 and had previously closed at $26.32.

iShares Emerging Markets Dividend ETF Price Performance

The stock’s 50 day simple moving average is $26.46 and its two-hundred day simple moving average is $27.22. The stock has a market capitalization of $669.82 million, a PE ratio of 5.28 and a beta of 0.63.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

Several institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. grew its stake in iShares Emerging Markets Dividend ETF by 45.0% during the third 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 in the last quarter. IHT Wealth Management LLC grew its position in shares of iShares Emerging Markets Dividend ETF by 53.0% during the 3rd quarter. IHT Wealth Management LLC now owns 14,203 shares of the company’s stock valued at $408,000 after purchasing an additional 4,919 shares in the last quarter. Lowe Wealth Advisors LLC increased its holdings in shares of iShares Emerging Markets Dividend ETF by 13.9% in the fourth quarter. Lowe Wealth Advisors LLC now owns 17,201 shares of the company’s stock worth $444,000 after purchasing an additional 2,101 shares during the period. Crestwood Advisors Group LLC increased its holdings in shares of 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 purchasing an additional 927 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of iShares Emerging Markets Dividend ETF by 281.9% in the third quarter. JPMorgan Chase & Co. now owns 75,752 shares of the company’s stock worth $2,174,000 after buying an additional 55,919 shares in 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.