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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s share price reached a new 52-week high on Friday . The stock traded as high as $39.42 and last traded at $39.3360, with a volume of 9198 shares traded. The stock had previously closed at $38.89.

Franklin International Core Dividend Tilt Index ETF Stock Up 1.1%

The firm has a market capitalization of $2.07 billion, a PE ratio of 14.82 and a beta of 0.71. The company has a 50-day moving average of $38.38 and a 200 day moving average of $37.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Retirement Planning Group LLC lifted its stake in Franklin International Core Dividend Tilt Index ETF by 6.9% during the third quarter. Retirement Planning Group LLC now owns 4,784,732 shares of the company’s stock worth $178,518,000 after purchasing an additional 308,899 shares during the last quarter. Bank of America Corp DE boosted its stake in Franklin International Core Dividend Tilt Index ETF by 7.2% in the third quarter. Bank of America Corp DE now owns 1,629,671 shares of the company’s stock worth $60,803,000 after buying an additional 109,765 shares in the last quarter. CWM LLC boosted its stake in Franklin International Core Dividend Tilt Index ETF by 31.3% in the third quarter. CWM LLC now owns 1,090,174 shares of the company’s stock worth $40,674,000 after buying an additional 259,683 shares in the last quarter. Raymond James Financial Inc. grew its position in Franklin International Core Dividend Tilt Index ETF by 14.2% during the third quarter. Raymond James Financial Inc. now owns 859,037 shares of the company’s stock valued at $32,051,000 after acquiring an additional 106,489 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 734,473 shares of the company’s stock worth $26,177,000 after acquiring an additional 169,801 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.