Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 1-Year High – Should You Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) shares reached a new 52-week high on Wednesday . The company traded as high as $34.51 and last traded at $34.47, with a volume of 166680 shares changing hands. The stock had previously closed at $34.41.

Franklin International Core Dividend Tilt Index ETF Price Performance

The firm’s fifty day moving average is $32.83 and its two-hundred day moving average is $31.79. The firm has a market capitalization of $1.39 billion, a PE ratio of 15.22 and a beta of 0.66.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

A number of hedge funds have recently bought and sold shares of the business. Betterment LLC grew its position in shares of Franklin International Core Dividend Tilt Index ETF by 13.3% during the 1st quarter. Betterment LLC now owns 9,777 shares of the company’s stock valued at $319,000 after acquiring an additional 1,146 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Franklin International Core Dividend Tilt Index ETF by 10.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 564,672 shares of the company’s stock valued at $18,403,000 after purchasing an additional 52,876 shares during the period. Kestra Advisory Services LLC increased its position in Franklin International Core Dividend Tilt Index ETF by 938.5% in the first quarter. Kestra Advisory Services LLC now owns 197,619 shares of the company’s stock worth $6,440,000 after buying an additional 178,590 shares during the last quarter. Barnes Wealth Management Group Inc raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 11.8% in the first quarter. Barnes Wealth Management Group Inc now owns 7,935 shares of the company’s stock valued at $259,000 after buying an additional 837 shares during the period. Finally, Flow Traders U.S. LLC lifted its position in shares of Franklin International Core Dividend Tilt Index ETF by 7.1% during the 1st quarter. Flow Traders U.S. LLC now owns 96,308 shares of the company’s stock valued at $3,139,000 after buying an additional 6,373 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.