Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Large Volume Increase – Here’s Why

Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw strong trading volume on Tuesday . 718,995 shares traded hands during mid-day trading, an increase of 222% from the previous session’s volume of 223,064 shares.The stock last traded at $42.72 and had previously closed at $42.54.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.3%

The firm has a market capitalization of $2.47 billion, a P/E ratio of 14.82 and a beta of 0.68. The company’s 50 day moving average is $42.75 and its 200-day moving average is $41.32.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. grew its stake in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after buying an additional 576 shares during the period. CIBC Private Wealth Group LLC acquired a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new position in Franklin International Core Dividend Tilt Index ETF during the 1st quarter worth approximately $33,000. Assetmark Inc. boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 950.0% in the fourth quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $37,000 after acquiring an additional 855 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 30.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock worth $42,000 after acquiring an additional 250 shares in 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.