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) shares reached a new 52-week high on Tuesday . The stock traded as high as $43.53 and last traded at $43.52, with a volume of 13039 shares traded. The stock had previously closed at $43.04.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The company’s 50-day moving average is $41.49 and its 200-day moving average is $40.52. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 14.82 and a beta of 0.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baron Wealth Management LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 2.8% during the 4th quarter. Baron Wealth Management LLC now owns 726,946 shares of the company’s stock worth $28,271,000 after purchasing an additional 19,931 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Franklin International Core Dividend Tilt Index ETF by 30.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 156,803 shares of the company’s stock worth $5,813,000 after purchasing an additional 36,730 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Franklin International Core Dividend Tilt Index ETF by 45.9% during the 3rd quarter. Koshinski Asset Management Inc. now owns 516,190 shares of the company’s stock worth $19,259,000 after purchasing an additional 162,397 shares in the last quarter. AllGen Financial Advisors Inc. increased its stake in Franklin International Core Dividend Tilt Index ETF by 6.4% during the 4th quarter. AllGen Financial Advisors Inc. now owns 389,481 shares of the company’s stock worth $15,147,000 after purchasing an additional 23,377 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 10.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 447,463 shares of the company’s stock worth $16,695,000 after purchasing an additional 43,156 shares in the last quarter.

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.