iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Shares Down 2.8% – Here’s Why

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) shares traded down 2.8% during mid-day trading on Friday . The stock traded as low as $33.82 and last traded at $33.83. 145,721 shares traded hands during trading, a decline of 35% from the average session volume of 223,928 shares. The stock had previously closed at $34.79.

iShares Emerging Markets Dividend ETF Price Performance

The firm has a market capitalization of $1.27 billion, a PE ratio of 7.78 and a beta of 0.51. The company’s fifty day simple moving average is $34.56 and its 200-day simple moving average is $33.10.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Benchmark Investment Advisors LLC purchased a new position in shares of iShares Emerging Markets Dividend ETF in the third quarter worth about $1,445,000. Vista Capital Partners Inc. purchased a new position in shares of iShares Emerging Markets Dividend ETF in the third quarter worth about $800,000. Winnow Wealth LLC purchased a new position in shares of iShares Emerging Markets Dividend ETF in the third quarter worth about $633,000. Bogart Wealth LLC purchased a new position in shares of iShares Emerging Markets Dividend ETF in the first quarter worth about $34,000. Finally, Sound Income Strategies LLC purchased a new position in shares of iShares Emerging Markets Dividend ETF in the first quarter worth about $139,000.

iShares Emerging Markets Dividend ETF Company Profile

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.