Summit Global Investments Makes New $7.17 Million Investment in iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE)

Summit Global Investments purchased a new position in iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 277,435 shares of the company’s stock, valued at approximately $7,166,000.

Several other hedge funds have also added to or reduced their stakes in the business. Crestwood Advisors Group LLC lifted its stake in iShares Emerging Markets Dividend ETF by 2.3% in the fourth quarter. Crestwood Advisors Group LLC now owns 41,393 shares of the company’s stock worth $1,069,000 after purchasing an additional 927 shares during the last quarter. Lowe Wealth Advisors LLC lifted its stake in iShares Emerging Markets Dividend ETF by 13.9% in the fourth quarter. Lowe Wealth Advisors LLC now owns 17,201 shares of the company’s stock worth $444,000 after purchasing an additional 2,101 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in iShares Emerging Markets Dividend ETF by 867.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,583 shares of the company’s stock worth $67,000 after purchasing an additional 2,316 shares during the last quarter. IHT Wealth Management LLC lifted its stake in iShares Emerging Markets Dividend ETF by 53.0% in the third quarter. IHT Wealth Management LLC now owns 14,203 shares of the company’s stock worth $408,000 after purchasing an additional 4,919 shares during the last quarter. Finally, Vantage Financial Partners LLC lifted its stake in iShares Emerging Markets Dividend ETF by 29.6% in the fourth quarter. Vantage Financial Partners LLC now owns 28,443 shares of the company’s stock worth $735,000 after purchasing an additional 6,491 shares during the last quarter.

iShares Emerging Markets Dividend ETF Trading Down 0.4 %

Shares of NYSEARCA:DVYE opened at $27.52 on Friday. The company has a 50-day moving average price of $26.68 and a 200-day moving average price of $27.21. The company has a market cap of $727.90 million, a price-to-earnings ratio of 7.85 and a beta of 0.82. iShares Emerging Markets Dividend ETF has a 12 month low of $25.00 and a 12 month high of $29.85.

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.