Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 6,817 shares, a decrease of 75.4% from the September 15th total of 27,749 shares. Based on an average daily volume of 14,323 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.
Franklin U.S. Core Dividend Tilt Index ETF Stock Down 0.1%
Franklin U.S. Core Dividend Tilt Index ETF stock traded down $0.04 during trading hours on Tuesday, hitting $62.20. The stock had a trading volume of 3,311 shares, compared to its average volume of 12,032. The stock has a market cap of $161.72 million, a price-to-earnings ratio of 24.12 and a beta of 0.90. Franklin U.S. Core Dividend Tilt Index ETF has a one year low of $50.02 and a one year high of $68.06. The business’s 50 day simple moving average is $61.72 and its 200-day simple moving average is $59.44.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in UDIV. Western Wealth Management LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 1st quarter worth approximately $74,000. MCF Advisors LLC bought a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 2nd quarter worth approximately $307,000. Bank of New York Mellon Corp grew its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 52.5% during the 1st quarter. Bank of New York Mellon Corp now owns 21,956 shares of the company’s stock worth $1,133,000 after acquiring an additional 7,562 shares during the last quarter. BAM Wealth Management LLC increased its position in Franklin U.S. Core Dividend Tilt Index ETF by 32.1% in the 2nd quarter. BAM Wealth Management LLC now owns 30,418 shares of the company’s stock valued at $1,828,000 after acquiring an additional 7,387 shares during the period. Finally, Sanctuary Advisors LLC increased its position in Franklin U.S. Core Dividend Tilt Index ETF by 14.1% in the 1st quarter. Sanctuary Advisors LLC now owns 52,487 shares of the company’s stock valued at $2,709,000 after acquiring an additional 6,466 shares during the period.
About Franklin U.S. Core Dividend Tilt Index ETF
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.
See Also
- Five stocks we like better than Franklin U.S. Core Dividend Tilt Index ETF
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Receive News & Ratings for Franklin U.S. Core Dividend Tilt Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin U.S. Core Dividend Tilt Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
