Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Reaches New 1-Year High – Time to Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.55 and last traded at $42.47, with a volume of 378443 shares changing hands. The stock had previously closed at $42.00.

Franklin International Core Dividend Tilt Index ETF Stock Up 1.1%

The stock has a market capitalization of $2.30 billion, a P/E ratio of 14.82 and a beta of 0.71. The company has a fifty day moving average price of $39.81 and a 200-day moving average price of $38.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. raised its stake in 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 valued at $25,000 after purchasing an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Franklin International Core Dividend Tilt Index ETF in the third quarter worth about $29,000. Fifth Third Bancorp bought a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter worth about $32,000. Assetmark Inc. lifted its position in Franklin International Core Dividend Tilt Index ETF by 950.0% during the fourth quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $37,000 after acquiring an additional 855 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the second quarter worth about $57,000.

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.