Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 1-Year High – Still a Buy?

Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) reached a new 52-week high on Tuesday . The stock traded as high as $44.18 and last traded at $44.12, with a volume of 23134 shares trading hands. The stock had previously closed at $43.71.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The company has a market capitalization of $2.75 billion, a P/E ratio of 14.82 and a beta of 0.68. The company’s fifty day simple moving average is $42.98 and its 200-day simple moving average is $41.96.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

Several institutional investors have recently bought and sold shares of DIVI. JPMorgan Chase & Co. lifted its holdings in Franklin International Core Dividend Tilt Index ETF by 23.4% during the second quarter. JPMorgan Chase & Co. now owns 14,395 shares of the company’s stock worth $513,000 after buying an additional 2,726 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 35.1% during the 2nd quarter. Raymond James Financial Inc. now owns 752,548 shares of the company’s stock worth $26,821,000 after purchasing an additional 195,552 shares during the last quarter. Jane Street Group LLC boosted its position in Franklin International Core Dividend Tilt Index ETF by 1.1% during the second quarter. Jane Street Group LLC now owns 381,022 shares of the company’s stock valued at $13,580,000 after purchasing an additional 4,297 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Franklin International Core Dividend Tilt Index ETF by 79.7% in the second quarter. Ameriprise Financial Inc. now owns 91,711 shares of the company’s stock valued at $3,269,000 after purchasing an additional 40,677 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Franklin International Core Dividend Tilt Index ETF by 138.4% in the second quarter. Bank of America Corp DE now owns 1,519,906 shares of the company’s stock worth $54,169,000 after purchasing an additional 882,367 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.