39,991 Shares in Franklin Emerging Market Core Dividend Tilt Index ETF $DIEM Purchased by Royal Bank of Canada

Royal Bank of Canada acquired a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) during the first quarter, Holdings Channel reports. The firm acquired 39,991 shares of the company’s stock, valued at approximately $1,414,000.

Several other institutional investors have also added to or reduced their stakes in DIEM. Byrne Financial Freedom LLC boosted its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 0.9% during the fourth quarter. Byrne Financial Freedom LLC now owns 101,986 shares of the company’s stock worth $3,428,000 after purchasing an additional 867 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 4.6% during the 4th quarter. Sanctuary Advisors LLC now owns 20,608 shares of the company’s stock valued at $693,000 after buying an additional 898 shares in the last quarter. Capital Analysts LLC lifted its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 40.7% during the 4th quarter. Capital Analysts LLC now owns 3,276 shares of the company’s stock valued at $110,000 after buying an additional 947 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 45.9% in the 1st quarter. Bank of New York Mellon Corp now owns 9,512 shares of the company’s stock worth $336,000 after buying an additional 2,992 shares during the period. Finally, Sequent Planning LLC grew its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 23.3% in the 1st quarter. Sequent Planning LLC now owns 22,737 shares of the company’s stock valued at $804,000 after buying an additional 4,294 shares in the last quarter.

Franklin Emerging Market Core Dividend Tilt Index ETF Price Performance

Shares of DIEM stock opened at $41.92 on Thursday. The stock has a market capitalization of $75.46 million, a price-to-earnings ratio of 11.48 and a beta of 0.72. The company’s fifty day simple moving average is $42.23 and its two-hundred day simple moving average is $39.90. Franklin Emerging Market Core Dividend Tilt Index ETF has a 1 year low of $30.84 and a 1 year high of $46.58.

Franklin Emerging Market Core Dividend Tilt Index ETF Profile

Under normal market conditions, 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® Emerging Markets 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.