iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Hits New 1-Year High – Here’s Why

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.95 and last traded at $35.90, with a volume of 9915 shares. The stock had previously closed at $35.70.

iShares Emerging Markets Dividend ETF Stock Performance

The company’s fifty day moving average is $34.48 and its 200-day moving average is $32.54. The company has a market capitalization of $1.34 billion, a PE ratio of 7.78 and a beta of 0.53.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in iShares Emerging Markets Dividend ETF in the 3rd quarter worth approximately $34,000. Captrust Financial Advisors purchased a new stake in iShares Emerging Markets Dividend ETF in the 4th quarter worth approximately $202,000. Western Wealth Management LLC purchased a new stake in iShares Emerging Markets Dividend ETF during the 3rd quarter valued at approximately $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, IHT Wealth Management LLC grew its holdings in iShares Emerging Markets Dividend ETF by 7.0% during the 4th quarter. IHT Wealth Management LLC now owns 11,589 shares of the company’s stock valued at $361,000 after buying an additional 760 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.