Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 52-Week High – Here’s What Happened

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) shares reached a new 52-week high on Tuesday . The stock traded as high as $44.18 and last traded at $44.12, with a volume of 23134 shares. The stock had previously closed at $43.71.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.3%

The firm has a market cap of $2.75 billion, a P/E ratio of 14.82 and a beta of 0.68. The business’s 50 day moving average is $43.02 and its two-hundred day moving average is $42.02.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. First Bank & Trust lifted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 18.7% in the 2nd quarter. First Bank & Trust now owns 41,254 shares of the company’s stock valued at $1,762,000 after purchasing an additional 6,508 shares during the period. Professional Financial Advisors LLC bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the 2nd quarter valued at about $809,000. Mirador Capital Partners LP grew its stake in Franklin International Core Dividend Tilt Index ETF by 826.1% during the second quarter. Mirador Capital Partners LP now owns 156,800 shares of the company’s stock worth $6,699,000 after purchasing an additional 139,868 shares during the period. Dynamic Advisor Solutions LLC grew its stake in Franklin International Core Dividend Tilt Index ETF by 8.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 60,601 shares of the company’s stock worth $2,589,000 after purchasing an additional 4,964 shares during the period. Finally, Baron Wealth Management LLC grew its stake in Franklin International Core Dividend Tilt Index ETF by 1.3% during the second quarter. Baron Wealth Management LLC now owns 748,975 shares of the company’s stock worth $31,996,000 after purchasing an additional 9,325 shares during the period.

About Franklin International Core Dividend Tilt Index ETF

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.