Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Reaches New 12-Month High – Still a Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $44.88 and last traded at $44.81, with a volume of 21721 shares changing hands. The stock had previously closed at $44.49.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The company has a market cap of $2.77 billion, a PE ratio of 14.82 and a beta of 0.68. The stock’s 50-day simple moving average is $43.12 and its 200 day simple moving average is $42.14.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 23.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,395 shares of the company’s stock valued at $513,000 after purchasing an additional 2,726 shares in the last quarter. Raymond James Financial Inc. raised 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 buying an additional 195,552 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 1.1% in the 2nd quarter. Jane Street Group LLC now owns 381,022 shares of the company’s stock valued at $13,580,000 after buying an additional 4,297 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 79.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 91,711 shares of the company’s stock valued at $3,269,000 after buying an additional 40,677 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of 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 valued at $54,169,000 after buying 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.