Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.21 and last traded at $43.21, with a volume of 138456 shares. The stock had previously closed at $42.08.
Franklin International Core Dividend Tilt Index ETF Stock Performance
The firm has a market capitalization of $2.49 billion, a P/E ratio of 14.82 and a beta of 0.69. The business has a fifty day moving average of $41.00 and a 200-day moving average of $40.04.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% during 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 in the last quarter. CIBC Private Wealth Group LLC bought a new position in Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. acquired a new position in Franklin International Core Dividend Tilt Index ETF during the 1st quarter valued at about $33,000. Fifth Third Bancorp acquired a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at about $32,000. Finally, Assetmark Inc. raised its position in shares of Franklin International Core Dividend Tilt Index ETF by 950.0% during the 4th quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $37,000 after buying an additional 855 shares in the last quarter.
Franklin International Core Dividend Tilt Index ETF Company 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.
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