Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 12-Month High – Here’s Why

by · The Cerbat Gem

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI – Get Free Report) shares 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. The stock had previously closed at $39.96.

Franklin International Core Dividend Tilt Index ETF Trading Up 0.5%

The company has a market cap of $2.12 billion, a PE ratio of 14.82 and a beta of 0.71. The stock has a 50 day moving average price of $38.57 and a 200 day moving average price of $37.37.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

A number of hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. grew its position in shares of 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 in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in Franklin International Core Dividend Tilt Index ETF during the third quarter worth $29,000. Fifth Third Bancorp bought a new stake in Franklin International Core Dividend Tilt Index ETF during the third quarter valued at about $32,000. Crewe Advisors LLC bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the 2nd quarter valued at about $57,000. Finally, Mather Group LLC. acquired a new stake in Franklin International Core Dividend Tilt Index ETF in the third quarter valued at approximately $64,000.

About Franklin International Core Dividend Tilt Index ETF

(Get Free Report)

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.

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