Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 52-Week High – Time to Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $44.89 and last traded at $44.72, with a volume of 143457 shares traded. The stock had previously closed at $44.78.

Franklin International Core Dividend Tilt Index ETF Trading Up 0.7%

The company has a market cap of $2.76 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68. The company’s 50 day moving average price is $43.36 and its 200 day moving average price is $42.29.

Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF

Hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its position in Franklin International Core Dividend Tilt Index ETF by 677.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock worth $25,000 after purchasing an additional 576 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the 1st quarter valued at approximately $33,000. Assetmark Inc. lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 950.0% in the 4th quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $37,000 after buying an additional 855 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock valued at $42,000 after buying an additional 250 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.