Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Hits New 52-Week High – Here’s Why

Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.36 and last traded at $39.22, with a volume of 185183 shares changing hands. The stock had previously closed at $38.98.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.6%

The stock’s 50-day simple moving average is $38.02 and its 200 day simple moving average is $36.86. The firm has a market cap of $1.98 billion, a P/E 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 institutional investors have recently modified their holdings of DIVI. CIBC Private Wealth Group LLC purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the third quarter worth approximately $29,000. Sunbelt Securities Inc. grew its holdings in Franklin International Core Dividend Tilt Index ETF by 677.6% during the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock worth $25,000 after buying an additional 576 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Franklin International Core Dividend Tilt Index ETF by 0.7% during the third quarter. Kestra Private Wealth Services LLC now owns 453,239 shares of the company’s stock worth $16,910,000 after buying an additional 3,349 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at $489,000. Finally, Integrated Wealth Concepts LLC bought a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at $7,252,000.

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.