iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Reaches New 1-Year Low – Time to Sell?

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) shares hit a new 52-week low during trading on Friday . The stock traded as low as $25.20 and last traded at $25.20, with a volume of 27152 shares traded. The stock had previously closed at $25.64.

iShares Emerging Markets Dividend ETF Stock Performance

The company has a 50 day moving average of $26.98 and a 200 day moving average of $27.38. The stock has a market capitalization of $635.29 million, a price-to-earnings ratio of 5.28 and a beta of 0.63.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of DVYE. JPMorgan Chase & Co. boosted its position in shares of iShares Emerging Markets Dividend ETF by 281.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 75,752 shares of the company’s stock valued at $2,174,000 after acquiring an additional 55,919 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares Emerging Markets Dividend ETF by 71.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,462 shares of the company’s stock valued at $1,779,000 after purchasing an additional 27,233 shares during the last quarter. Custom Portfolio Group LLC grew its stake 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 valued at $2,151,000 after buying an additional 10,943 shares during the period. Crescent Grove Advisors LLC increased its holdings in shares of iShares Emerging Markets Dividend ETF by 11.1% during the 3rd quarter. Crescent Grove Advisors LLC now owns 104,229 shares of the company’s stock worth $2,991,000 after buying an additional 10,381 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of iShares Emerging Markets Dividend ETF by 53.0% during the 3rd quarter. IHT Wealth Management LLC now owns 14,203 shares of the company’s stock valued at $408,000 after buying an additional 4,919 shares during the period.

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.