Arkadios Wealth Advisors Reduces Holdings in Franklin U.S. Core Dividend Tilt Index ETF $UDIV

Arkadios Wealth Advisors reduced its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) by 24.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,732 shares of the company’s stock after selling 17,049 shares during the quarter. Arkadios Wealth Advisors’ holdings in Franklin U.S. Core Dividend Tilt Index ETF were worth $2,543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Truist Financial Corp purchased a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF during the second quarter worth about $201,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter valued at about $238,000. Prepared Retirement Institute LLC acquired a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter valued at about $283,000. Total Clarity Wealth Management Inc. grew its stake in Franklin U.S. Core Dividend Tilt Index ETF by 8.2% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 6,613 shares of the company’s stock worth $319,000 after buying an additional 502 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in Franklin U.S. Core Dividend Tilt Index ETF during the 1st quarter worth approximately $435,000.

Franklin U.S. Core Dividend Tilt Index ETF Stock Down 0.9%

UDIV opened at $53.14 on Friday. Franklin U.S. Core Dividend Tilt Index ETF has a 52 week low of $38.11 and a 52 week high of $53.86. The business’s 50 day moving average is $51.86 and its two-hundred day moving average is $48.51. The firm has a market cap of $106.28 million, a price-to-earnings ratio of 24.12 and a beta of 0.89.

Franklin U.S. Core Dividend Tilt Index ETF Profile

Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the index. The index is based on the Morningstar® US Target Market Exposure Index (Parent Index) and is constructed by applying an optimization process to the Parent Index that aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index.