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

Shares of iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw unusually-high trading volume on Wednesday . Approximately 180,290 shares traded hands during 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 Up 0.3 %

The company has a market cap of $719.96 million, a price-to-earnings ratio of 5.28 and a beta of 0.63. The stock has a 50-day simple moving average of $27.60 and a 200-day simple moving average of $27.49.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DVYE. OLD Mission Capital LLC raised 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 worth $16,131,000 after buying an additional 73,766 shares in the last quarter. Flow Traders U.S. LLC boosted its position in shares of 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 valued at $8,949,000 after purchasing an additional 232,488 shares in the last quarter. Argent Advisors Inc. grew its stake in shares of iShares Emerging Markets Dividend ETF by 1.9% in the 2nd quarter. Argent Advisors Inc. now owns 201,183 shares of the company’s stock worth $5,468,000 after purchasing an additional 3,761 shares during the last quarter. Custom Portfolio Group LLC raised its holdings in shares of iShares Emerging Markets Dividend ETF by 15.5% in the 2nd quarter. Custom Portfolio Group LLC now owns 81,733 shares of the company’s stock worth $2,151,000 after purchasing an additional 10,943 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in iShares Emerging Markets Dividend ETF by 71.2% during the second quarter. Bank of New York Mellon Corp now owns 65,462 shares of the company’s stock worth $1,779,000 after buying an additional 27,233 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.