Franklin U.S. Core Dividend Tilt Index ETF $UDIV Shares Newly Purchased by IFP Advisors Inc

IFP Advisors Inc acquired a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 33,969 shares of the company’s stock, valued at approximately $2,079,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MCF Advisors LLC purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the second quarter worth about $307,000. BAM Wealth Management LLC increased its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF by 32.1% during the second quarter. BAM Wealth Management LLC now owns 30,418 shares of the company’s stock valued at $1,828,000 after purchasing an additional 7,387 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF by 52.5% during the first quarter. Bank of New York Mellon Corp now owns 21,956 shares of the company’s stock valued at $1,133,000 after purchasing an additional 7,562 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF during the first quarter valued at approximately $74,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Franklin U.S. Core Dividend Tilt Index ETF by 3.7% during the first quarter. Cetera Investment Advisers now owns 54,361 shares of the company’s stock valued at $2,806,000 after purchasing an additional 1,961 shares during the last quarter.

Franklin U.S. Core Dividend Tilt Index ETF Stock Up 0.7%

Shares of UDIV opened at $61.85 on Thursday. The business’s 50 day moving average price is $61.67 and its 200-day moving average price is $59.94. Franklin U.S. Core Dividend Tilt Index ETF has a 52 week low of $50.02 and a 52 week high of $68.06. The stock has a market cap of $160.81 million, a P/E ratio of 24.12 and a beta of 0.90.

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.