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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) shares reached a new 52-week high on Monday . The company traded as high as $40.15 and last traded at $40.1410, with a volume of 14077 shares changing hands. The stock had previously closed at $39.96.

Franklin International Core Dividend Tilt Index ETF Price Performance

The business’s 50-day simple moving average is $38.67 and its two-hundred day simple moving average is $37.43. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 14.82 and a beta of 0.71.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in DIVI. Retirement Planning Group LLC boosted its position in Franklin International Core Dividend Tilt Index ETF by 6.9% during the third quarter. Retirement Planning Group LLC now owns 4,784,732 shares of the company’s stock valued at $178,518,000 after acquiring an additional 308,899 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 1,629,671 shares of the company’s stock valued at $60,803,000 after purchasing an additional 109,765 shares in the last quarter. CWM LLC grew its stake in Franklin International Core Dividend Tilt Index ETF by 31.3% during the third quarter. CWM LLC now owns 1,090,174 shares of the company’s stock worth $40,674,000 after purchasing an additional 259,683 shares during the period. Raymond James Financial Inc. grew its stake in Franklin International Core Dividend Tilt Index ETF by 14.2% during the third quarter. Raymond James Financial Inc. now owns 859,037 shares of the company’s stock worth $32,051,000 after purchasing an additional 106,489 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Franklin International Core Dividend Tilt Index ETF by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 734,473 shares of the company’s stock worth $26,177,000 after purchasing an additional 169,801 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.