Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Hits New 12-Month High – Here’s What Happened

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVIGet Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $41.98 and last traded at $41.9390, with a volume of 16944 shares. The stock had previously closed at $41.46.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The company has a market cap of $2.24 billion, a P/E ratio of 14.82 and a beta of 0.71. The business’s fifty day moving average is $39.52 and its two-hundred day moving average is $37.98.

Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF

Hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. grew its position in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock worth $25,000 after buying an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at about $29,000. Fifth Third Bancorp bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at about $32,000. Assetmark Inc. raised its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 950.0% in the 4th quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $37,000 after purchasing an additional 855 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the 2nd quarter worth approximately $57,000.

About Franklin International Core Dividend Tilt Index ETF

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The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index is based on the Morningstar® Developed Markets ex-North America Target Market Exposure 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.

Further Reading

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