Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 1-Year High – Time to Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVIGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.92 and last traded at $40.94, with a volume of 22890 shares trading hands. The stock had previously closed at $40.62.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The company has a market cap of $2.21 billion, a P/E ratio of 14.82 and a beta of 0.71. The firm has a 50 day moving average price of $39.13 and a two-hundred day moving average price of $37.77.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

Large investors have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its stake 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 valued at $25,000 after buying an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter worth $29,000. Fifth Third Bancorp purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter worth $32,000. Assetmark Inc. boosted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 950.0% in the fourth quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $37,000 after acquiring an additional 855 shares during the period. Finally, Crewe Advisors LLC purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF in the second quarter valued at $57,000.

Franklin International Core Dividend Tilt Index ETF Company Profile

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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.

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