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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $40.15 and last traded at $40.1410, with a volume of 14077 shares trading hands. The stock had previously closed at $39.96.

Franklin International Core Dividend Tilt Index ETF Price Performance

The business’s 50-day simple moving average is $38.57 and its two-hundred day simple moving average is $37.37. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 14.82 and a beta of 0.71.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

A number of hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in Franklin International Core Dividend Tilt Index ETF by 677.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock worth $25,000 after buying an additional 576 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter valued at $29,000. Fifth Third Bancorp acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter worth $32,000. Crewe Advisors LLC acquired a new stake in Franklin International Core Dividend Tilt Index ETF in the second quarter valued at $57,000. Finally, Mather Group LLC. bought a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter worth $64,000.

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.