Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Strong Trading Volume – Here’s Why

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw an uptick in trading volume on Monday . 175,580 shares changed hands during mid-day trading, an increase of 34% from the previous session’s volume of 130,790 shares.The stock last traded at $30.49 and had previously closed at $30.00.

Franklin International Core Dividend Tilt Index ETF Stock Down 0.1 %

The company has a 50 day moving average of $30.75 and a 200 day moving average of $31.66. The stock has a market capitalization of $751.69 million, a price-to-earnings ratio of 13.10 and a beta of 0.80.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DIVI. FMR LLC raised its position in shares of Franklin International Core Dividend Tilt Index ETF by 524.0% in the 3rd quarter. FMR LLC now owns 7,220 shares of the company’s stock worth $239,000 after buying an additional 6,063 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at about $317,000. JPMorgan Chase & Co. grew its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,827 shares of the company’s stock worth $326,000 after purchasing an additional 437 shares during the period. Savvy Advisors Inc. increased its position in Franklin International Core Dividend Tilt Index ETF by 7.5% during the 3rd quarter. Savvy Advisors Inc. now owns 9,858 shares of the company’s stock worth $327,000 after purchasing an additional 691 shares in the last quarter. Finally, Silverlake Wealth Management LLC increased its position in Franklin International Core Dividend Tilt Index ETF by 12.2% during the 3rd quarter. Silverlake Wealth Management LLC now owns 10,559 shares of the company’s stock worth $350,000 after purchasing an additional 1,148 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.