Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Hits New 52-Week High – Here’s Why

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) hit a new 52-week high during trading on Monday . The company traded as high as $33.84 and last traded at $33.81, with a volume of 226176 shares. The stock had previously closed at $33.41.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.2 %

The business’s fifty day moving average price is $31.94 and its 200 day moving average price is $31.70. The firm has a market capitalization of $1.26 billion, a PE ratio of 15.58 and a beta of 0.71.

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

Several hedge funds have recently modified their holdings of the stock. Principal Securities Inc. boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 9.5% in the fourth quarter. Principal Securities Inc. now owns 3,729 shares of the company’s stock worth $112,000 after acquiring an additional 323 shares during the last quarter. Comerica Bank boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 11.8% in the fourth quarter. Comerica Bank now owns 3,267 shares of the company’s stock worth $98,000 after acquiring an additional 346 shares during the last quarter. OxenFree Capital LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 0.7% in the fourth quarter. OxenFree Capital LLC now owns 47,845 shares of the company’s stock worth $1,436,000 after acquiring an additional 352 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 9,827 shares of the company’s stock worth $326,000 after acquiring an additional 437 shares during the last quarter. Finally, Defined Wealth Management LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 0.4% in the fourth quarter. Defined Wealth Management LLC now owns 120,408 shares of the company’s stock worth $3,613,000 after acquiring an additional 513 shares during the last quarter.

About Franklin International Core Dividend Tilt Index ETF

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.