Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Strong Trading Volume – Still a Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw strong trading volume on Monday . 318,640 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 185,573 shares.The stock last traded at $33.35 and had previously closed at $33.33.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The company has a market cap of $1.24 billion, a PE ratio of 15.58 and a beta of 0.71. The business’s 50-day moving average is $32.15 and its 200 day moving average is $31.72.

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

A number of hedge funds and other institutional investors have recently modified their holdings of DIVI. Retirement Planning Group LLC increased its stake in shares of Franklin International Core Dividend Tilt Index ETF by 15.9% during the fourth quarter. Retirement Planning Group LLC now owns 1,737,909 shares of the company’s stock valued at $52,155,000 after buying an additional 238,055 shares during the period. Novem Group bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the fourth quarter valued at approximately $2,182,000. Cornerstone Financial Group LLC NE purchased a new stake in Franklin International Core Dividend Tilt Index ETF in the fourth quarter worth $222,000. Cetera Investment Advisers raised its holdings in Franklin International Core Dividend Tilt Index ETF by 18.2% in the fourth quarter. Cetera Investment Advisers now owns 503,551 shares of the company’s stock worth $15,112,000 after purchasing an additional 77,553 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 217.2% during the 4th quarter. Citadel Advisors LLC now owns 31,441 shares of the company’s stock valued at $944,000 after buying an additional 21,529 shares in 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.