Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Hits New 12-Month High – Still a Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) reached a new 52-week high on Monday . The stock traded as high as $43.94 and last traded at $43.83, with a volume of 14710 shares trading hands. The stock had previously closed at $43.43.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The firm has a market capitalization of $2.54 billion, a PE ratio of 14.82 and a beta of 0.68. The company has a fifty day moving average price of $42.35 and a 200-day moving average price of $40.94.

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

A number of hedge funds have recently bought and sold shares of DIVI. NewEdge Advisors LLC grew its stake in shares of Franklin International Core Dividend Tilt Index ETF by 5.3% in the 1st quarter. NewEdge Advisors LLC now owns 778,052 shares of the company’s stock worth $30,974,000 after buying an additional 39,477 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Franklin International Core Dividend Tilt Index ETF in the 1st quarter valued at about $785,000. Bank of America Corp DE lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 14.1% in the 1st quarter. Bank of America Corp DE now owns 2,157,120 shares of the company’s stock valued at $85,875,000 after acquiring an additional 266,110 shares during the last quarter. Royal Bank of Canada grew its position in Franklin International Core Dividend Tilt Index ETF by 227.3% in the first quarter. Royal Bank of Canada now owns 15,056 shares of the company’s stock worth $599,000 after acquiring an additional 10,456 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Franklin International Core Dividend Tilt Index ETF by 0.8% in the first quarter. Cetera Investment Advisers now owns 741,503 shares of the company’s stock worth $29,519,000 after acquiring an additional 5,905 shares in 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.