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

Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $35.73 and last traded at $35.63, with a volume of 15851 shares traded. The stock had previously closed at $35.59.

Franklin International Core Dividend Tilt Index ETF Trading Up 0.9%

The firm has a market capitalization of $1.54 billion, a PE ratio of 15.03 and a beta of 0.69. The business has a 50 day moving average price of $33.60 and a 200-day moving average price of $32.32.

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

A number of large investors have recently modified their holdings of the business. First Hawaiian Bank raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 196.8% during the 1st quarter. First Hawaiian Bank now owns 98,730 shares of the company’s stock worth $3,218,000 after buying an additional 65,464 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 755.1% during the 1st quarter. Jones Financial Companies Lllp now owns 328,722 shares of the company’s stock worth $10,713,000 after buying an additional 290,281 shares in the last quarter. Betterment LLC raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 13.3% during the 1st quarter. Betterment LLC now owns 9,777 shares of the company’s stock worth $319,000 after buying an additional 1,146 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 10.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 564,672 shares of the company’s stock worth $18,403,000 after buying an additional 52,876 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 938.5% during the 1st quarter. Kestra Advisory Services LLC now owns 197,619 shares of the company’s stock worth $6,440,000 after buying an additional 178,590 shares in 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.