Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Reaches New 1-Year High – What’s Next?

Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.86 and last traded at $38.97, with a volume of 107625 shares changing hands. The stock had previously closed at $38.55.

Franklin International Core Dividend Tilt Index ETF Stock Up 1.2%

The stock has a 50-day moving average of $37.92 and a 200 day moving average of $36.75. The company has a market capitalization of $1.97 billion, a PE ratio of 14.82 and a beta of 0.71.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Wealth Management LLC increased its holdings in Franklin International Core Dividend Tilt Index ETF by 1.1% during the third quarter. Cornerstone Wealth Management LLC now owns 26,384 shares of the company’s stock worth $984,000 after buying an additional 277 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Franklin International Core Dividend Tilt Index ETF by 5.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,488 shares of the company’s stock valued at $267,000 after acquiring an additional 377 shares during the period. LOM Asset Management Ltd increased its stake in shares of Franklin International Core Dividend Tilt Index ETF by 5.9% during the 3rd quarter. LOM Asset Management Ltd now owns 7,575 shares of the company’s stock worth $283,000 after purchasing an additional 420 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 6.9% in the 2nd quarter. Bank of Montreal Can now owns 6,773 shares of the company’s stock worth $241,000 after purchasing an additional 438 shares during the period. Finally, Burns Matteson Capital Management LLC lifted its stake in Franklin International Core Dividend Tilt Index ETF by 6.9% in the third quarter. Burns Matteson Capital Management LLC now owns 8,659 shares of the company’s stock valued at $323,000 after purchasing an additional 559 shares during 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.