Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 52-Week High – What’s Next?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $44.18 and last traded at $44.12, with a volume of 23134 shares changing hands. The stock had previously closed at $43.71.

Franklin International Core Dividend Tilt Index ETF Price Performance

The firm has a market capitalization of $2.75 billion, a P/E ratio of 14.82 and a beta of 0.68. The firm has a 50-day moving average price of $42.98 and a two-hundred day moving average price of $41.96.

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

Several large investors have recently added to or reduced their stakes in DIVI. Sunbelt Securities Inc. increased its position in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% during the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock worth $25,000 after acquiring an additional 576 shares during the period. CIBC Private Wealth Group LLC purchased a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter worth $29,000. Johnson Financial Group Inc. purchased a new position in Franklin International Core Dividend Tilt Index ETF during the 1st quarter worth $33,000. Assetmark Inc. raised its position in Franklin International Core Dividend Tilt Index ETF by 950.0% during the 4th quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $37,000 after purchasing an additional 855 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock worth $42,000 after buying an additional 250 shares during the period.

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.