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

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) shares saw unusually-high trading volume on Wednesday . Approximately 180,290 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 87,944 shares.The stock last traded at $28.26 and had previously closed at $28.70.

iShares Emerging Markets Dividend ETF Trading Down 1.6 %

The firm has a fifty day simple moving average of $27.54 and a 200 day simple moving average of $27.48. The stock has a market cap of $711.65 million, a price-to-earnings ratio of 5.28 and a beta of 0.63.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

Several large investors have recently modified their holdings of the stock. OLD Mission Capital LLC grew its stake in shares of iShares Emerging Markets Dividend ETF by 13.6% in the 1st quarter. OLD Mission Capital LLC now owns 616,638 shares of the company’s stock valued at $16,131,000 after purchasing an additional 73,766 shares during the period. Flow Traders U.S. LLC grew its position in iShares Emerging Markets Dividend ETF by 212.1% during the 1st quarter. Flow Traders U.S. LLC now owns 342,103 shares of the company’s stock worth $8,949,000 after acquiring an additional 232,488 shares during the last quarter. Argent Advisors Inc. grew its position in iShares Emerging Markets Dividend ETF by 1.9% during the 2nd quarter. Argent Advisors Inc. now owns 201,183 shares of the company’s stock worth $5,468,000 after acquiring an additional 3,761 shares during the last quarter. Custom Portfolio Group LLC grew its position in iShares Emerging Markets Dividend ETF by 15.5% during the 2nd quarter. Custom Portfolio Group LLC now owns 81,733 shares of the company’s stock worth $2,151,000 after acquiring an additional 10,943 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in iShares Emerging Markets Dividend ETF by 71.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,462 shares of the company’s stock worth $1,779,000 after acquiring an additional 27,233 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.