Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Reaches New 12-Month High – What’s Next?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $43.53 and last traded at $43.52, with a volume of 13039 shares. The stock had previously closed at $43.04.

Franklin International Core Dividend Tilt Index ETF Trading Up 0.8%

The company has a market cap of $2.51 billion, a P/E ratio of 14.82 and a beta of 0.69. The business has a 50 day moving average price of $41.35 and a 200-day moving average price of $40.44.

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

A number of institutional investors and hedge funds have recently made changes to their positions in DIVI. Bank of America Corp DE raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 138.4% during the 2nd quarter. Bank of America Corp DE now owns 1,519,906 shares of the company’s stock worth $54,169,000 after purchasing an additional 882,367 shares in the last quarter. Retirement Planning Group LLC raised its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 14.0% in the 1st quarter. Retirement Planning Group LLC now owns 5,659,717 shares of the company’s stock valued at $225,313,000 after purchasing an additional 695,595 shares during the period. Franklin Resources Inc. raised its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 1,272.1% in the 3rd quarter. Franklin Resources Inc. now owns 562,076 shares of the company’s stock valued at $20,971,000 after purchasing an additional 521,110 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 801.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 413,451 shares of the company’s stock worth $14,735,000 after acquiring an additional 367,565 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 5.4% during the 4th quarter. LPL Financial LLC now owns 4,659,366 shares of the company’s stock worth $181,203,000 after acquiring an additional 240,799 shares during the last quarter.

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.