Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Shares Break Above 200 Day Moving Average – Here’s Why

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $42.46 and traded as high as $43.37. Franklin International Core Dividend Tilt Index ETF shares last traded at $43.37, with a volume of 185,005 shares changing hands.

Franklin International Core Dividend Tilt Index ETF Trading Down 0.9%

The business’s 50 day moving average is $43.00 and its two-hundred day moving average is $42.48. The company has a market cap of $2.59 billion, a PE ratio of 14.82 and a beta of 0.70.

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

Hedge funds have recently made changes to their positions in the business. Titleist Asset Management LLC boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 1.4% during the 3rd quarter. Titleist Asset Management LLC now owns 20,457 shares of the company’s stock worth $873,000 after purchasing an additional 277 shares during the period. Silver Grove Financial Group Inc. lifted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 85.3% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 656 shares of the company’s stock valued at $28,000 after purchasing an additional 302 shares during the period. Avantax Planning Partners Inc. raised its position in Franklin International Core Dividend Tilt Index ETF by 2.1% during the third quarter. Avantax Planning Partners Inc. now owns 19,388 shares of the company’s stock worth $827,000 after acquiring an additional 391 shares during the period. Castle Wealth Management LLC grew its position in shares of Franklin International Core Dividend Tilt Index ETF by 0.4% in the first quarter. Castle Wealth Management LLC now owns 122,233 shares of the company’s stock valued at $4,866,000 after purchasing an additional 498 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Franklin International Core Dividend Tilt Index ETF by 9.9% during the third quarter. IFP Advisors Inc now owns 6,357 shares of the company’s stock worth $271,000 after buying an additional 574 shares during the period.

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.