Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 12-Month High – What’s Next?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) hit a new 52-week high on Wednesday . The company traded as high as $34.51 and last traded at $34.47, with a volume of 166680 shares. The stock had previously closed at $34.41.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.22 and a beta of 0.66. The company has a fifty day moving average of $32.83 and a two-hundred day moving average of $31.79.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

A number of institutional investors have recently bought and sold shares of DIVI. Retirement Planning Group LLC raised its stake in Franklin International Core Dividend Tilt Index ETF by 145.1% in the first quarter. Retirement Planning Group LLC now owns 4,259,032 shares of the company’s stock valued at $138,802,000 after purchasing an additional 2,521,123 shares in the last quarter. Capital Analysts LLC raised its position in shares of Franklin International Core Dividend Tilt Index ETF by 1,497.7% in the 1st quarter. Capital Analysts LLC now owns 617,457 shares of the company’s stock valued at $20,123,000 after buying an additional 578,811 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the 4th quarter worth approximately $13,692,000. Mariner LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 95.9% during the 4th quarter. Mariner LLC now owns 729,761 shares of the company’s stock worth $21,900,000 after acquiring an additional 357,314 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 286.1% in the fourth quarter. Jane Street Group LLC now owns 466,920 shares of the company’s stock valued at $14,012,000 after acquiring an additional 345,996 shares during 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.