Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV – Get Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 19,945 shares, a drop of 34.8% from the May 14th total of 30,585 shares. Based on an average daily trading volume, of 27,776 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.9% of the shares of the stock are short sold.
Franklin U.S. Core Dividend Tilt Index ETF Trading Down 0.0%
UDIV stock traded down $0.02 during trading hours on Tuesday, hitting $60.86. 77,560 shares of the stock traded hands, compared to its average volume of 12,605. The stock has a 50-day simple moving average of $57.94 and a 200 day simple moving average of $55.07. Franklin U.S. Core Dividend Tilt Index ETF has a one year low of $46.34 and a one year high of $68.06. The company has a market cap of $127.81 million, a P/E ratio of 24.12 and a beta of 0.89.
Hedge Funds Weigh In On Franklin U.S. Core Dividend Tilt Index ETF
A number of hedge funds and other institutional investors have recently modified their holdings of UDIV. Franklin Resources Inc. boosted its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 2,715.8% in the 4th quarter. Franklin Resources Inc. now owns 450,972 shares of the company’s stock valued at $23,969,000 after purchasing an additional 434,956 shares during the period. LPL Financial LLC boosted its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 47.6% in the 4th quarter. LPL Financial LLC now owns 251,636 shares of the company’s stock valued at $13,374,000 after purchasing an additional 81,133 shares during the period. CreativeOne Wealth LLC boosted its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 13.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 460,701 shares of the company’s stock valued at $24,134,000 after purchasing an additional 55,625 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 2nd quarter valued at $2,529,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 3rd quarter valued at $692,000.
Franklin U.S. Core Dividend Tilt Index ETF Company Profile
Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the index. The index is based on the Morningstar® US Target Market Exposure Index (Parent 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.
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