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

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) shares saw strong trading volume on Tuesday . 171,395 shares were traded during mid-day trading, an increase of 81% from the previous session’s volume of 94,904 shares.The stock last traded at $27.65 and had previously closed at $27.39.

iShares Emerging Markets Dividend ETF Stock Performance

The firm’s 50 day simple moving average is $26.81 and its two-hundred day simple moving average is $27.22. The firm has a market cap of $729.49 million, a price-to-earnings ratio of 7.85 and a beta of 0.82.

Institutional Trading of iShares Emerging Markets Dividend ETF

Several large investors have recently modified their holdings of the stock. Summit Global Investments acquired a new stake in iShares Emerging Markets Dividend ETF during the fourth quarter worth about $7,166,000. Argent Advisors Inc. lifted its holdings in shares of iShares Emerging Markets Dividend ETF by 12.3% during the 4th quarter. Argent Advisors Inc. now owns 227,898 shares of the company’s stock worth $5,887,000 after acquiring an additional 25,025 shares during the period. Bank of New York Mellon Corp boosted its position in shares of iShares Emerging Markets Dividend ETF by 44.6% during the 4th quarter. Bank of New York Mellon Corp now owns 127,710 shares of the company’s stock worth $3,299,000 after acquiring an additional 39,412 shares in the last quarter. Crescent Grove Advisors LLC increased its stake in iShares Emerging Markets Dividend ETF by 13.2% in the fourth quarter. Crescent Grove Advisors LLC now owns 117,971 shares of the company’s stock valued at $3,047,000 after acquiring an additional 13,742 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position 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.

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.