Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Hits New 1-Year High – Should You Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $41.98 and last traded at $41.9390, with a volume of 16944 shares changing hands. The stock had previously closed at $41.46.

Franklin International Core Dividend Tilt Index ETF Price Performance

The firm has a market cap of $2.24 billion, a P/E ratio of 14.82 and a beta of 0.71. The stock’s 50-day simple moving average is $39.52 and its two-hundred day simple moving average is $37.98.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 138.4% during the second quarter. Bank of America Corp DE now owns 1,519,906 shares of the company’s stock valued at $54,169,000 after buying an additional 882,367 shares during the period. Franklin Resources Inc. boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 1,272.1% during the 3rd quarter. Franklin Resources Inc. now owns 562,076 shares of the company’s stock valued at $20,971,000 after acquiring an additional 521,110 shares during the period. Orion Porfolio Solutions LLC grew its position in Franklin International Core Dividend Tilt Index ETF by 801.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 413,451 shares of the company’s stock valued at $14,735,000 after acquiring an additional 367,565 shares during the last quarter. Retirement Planning Group LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 6.9% in the third quarter. Retirement Planning Group LLC now owns 4,784,732 shares of the company’s stock worth $178,518,000 after purchasing an additional 308,899 shares during the period. Finally, CWM LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 31.3% in the third quarter. CWM LLC now owns 1,090,174 shares of the company’s stock worth $40,674,000 after purchasing an additional 259,683 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.