Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Hits New 12-Month High – Here’s What Happened

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $43.23 and last traded at $43.23, with a volume of 148 shares changing hands. The stock had previously closed at $42.53.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The company has a 50-day moving average price of $41.10 and a 200-day moving average price of $40.27. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.82 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its stake in Franklin International Core Dividend Tilt Index ETF by 677.6% in the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after buying an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter worth approximately $29,000. Fifth Third Bancorp acquired a new stake in Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at $32,000. Johnson Financial Group Inc. acquired a new position in Franklin International Core Dividend Tilt Index ETF during the first quarter valued at approximately $33,000. Finally, Assetmark Inc. increased its holdings in Franklin International Core Dividend Tilt Index ETF by 950.0% during the fourth quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $37,000 after buying an additional 855 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.