Arkadios Wealth Advisors lowered its position in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV – Free Report) by 24.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,732 shares of the company’s stock after selling 17,049 shares during the quarter. Arkadios Wealth Advisors owned approximately 4.06% of Franklin U.S. Core Dividend Tilt Index ETF worth $2,543,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Truist Financial Corp acquired a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 2nd quarter valued at $201,000. Integrated Wealth Concepts LLC purchased a new position in Franklin U.S. Core Dividend Tilt Index ETF in the first quarter valued at $238,000. Prepared Retirement Institute LLC purchased a new position in Franklin U.S. Core Dividend Tilt Index ETF in the first quarter valued at $283,000. Total Clarity Wealth Management Inc. raised its stake in Franklin U.S. Core Dividend Tilt Index ETF by 8.2% in the second quarter. Total Clarity Wealth Management Inc. now owns 6,613 shares of the company’s stock valued at $319,000 after buying an additional 502 shares in the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 1st quarter worth about $435,000.
Franklin U.S. Core Dividend Tilt Index ETF Stock Performance
NYSEARCA:UDIV opened at $53.14 on Friday. Franklin U.S. Core Dividend Tilt Index ETF has a 1 year low of $38.11 and a 1 year high of $53.86. The stock has a market cap of $106.28 million, a P/E ratio of 24.12 and a beta of 0.89. The stock has a 50-day simple moving average of $51.86 and a 200-day simple moving average of $48.51.
About Franklin U.S. Core Dividend Tilt Index ETF
Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the index. The index is based on the Morningstar® US Target Market Exposure Index (Parent 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.
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