Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Reaches New 12-Month High – What’s Next?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.36 and last traded at $39.22, with a volume of 185183 shares changing hands. The stock had previously closed at $38.98.

Franklin International Core Dividend Tilt Index ETF Stock Down 0.7%

The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 14.82 and a beta of 0.71. The business has a 50 day moving average of $38.07 and a 200 day moving average of $36.90.

Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Retirement Planning Group LLC grew its position in shares of 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 valued at $178,518,000 after purchasing an additional 308,899 shares during the period. Bank of America Corp DE increased its stake in shares of Franklin International Core Dividend Tilt Index ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 1,629,671 shares of the company’s stock valued at $60,803,000 after acquiring an additional 109,765 shares during the last quarter. CWM LLC increased its stake in shares of Franklin International Core Dividend Tilt Index ETF by 31.3% during the 3rd quarter. CWM LLC now owns 1,090,174 shares of the company’s stock valued at $40,674,000 after acquiring an additional 259,683 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 14.2% during the 3rd quarter. Raymond James Financial Inc. now owns 859,037 shares of the company’s stock worth $32,051,000 after acquiring an additional 106,489 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 734,473 shares of the company’s stock worth $26,177,000 after acquiring an additional 169,801 shares during 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.