Royal Fund Management LLC Invests $625,000 in Franklin International Core Dividend Tilt Index ETF $DIVI

Royal Fund Management LLC bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) in the fourth quarter, Holdings Channel reports. The fund bought 16,062 shares of the company’s stock, valued at approximately $625,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 677.6% in the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after purchasing an additional 576 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at about $29,000. Fifth Third Bancorp purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at about $32,000. Mather Group LLC. acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at about $64,000. Finally, Root Financial Partners LLC acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at about $117,000.

Franklin International Core Dividend Tilt Index ETF Stock Up 3.0%

Shares of DIVI opened at $39.81 on Wednesday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 14.82 and a beta of 0.71. Franklin International Core Dividend Tilt Index ETF has a 52 week low of $28.70 and a 52 week high of $43.21. The stock’s 50-day moving average price is $41.04 and its 200-day moving average price is $39.28.

Franklin International Core Dividend Tilt Index ETF Profile

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.