Stratos Wealth Partners LTD. Lowers Stake in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV)

Stratos Wealth Partners LTD. cut its position in shares of Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,785 shares of the company’s stock after selling 300 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Franklin U.S. Core Dividend Tilt Index ETF were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UDIV. UBS Group AG purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter valued at approximately $93,000. Bank of America Corp DE purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter valued at approximately $137,000. JPMorgan Chase & Co. purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the second quarter valued at approximately $214,000. Jane Street Group LLC purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter valued at approximately $301,000. Finally, Bank of New York Mellon Corp purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the second quarter valued at approximately $588,000.

Franklin U.S. Core Dividend Tilt Index ETF Stock Performance

Franklin U.S. Core Dividend Tilt Index ETF stock opened at $38.75 on Wednesday. Franklin U.S. Core Dividend Tilt Index ETF has a 1 year low of $31.55 and a 1 year high of $40.39. The firm has a 50 day moving average price of $39.37 and a 200 day moving average price of $36.76. The company has a market cap of $60.05 million, a price-to-earnings ratio of 22.66 and a beta of 1.00.

About Franklin U.S. Core Dividend Tilt Index ETF

Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the index. The index is based on the Morningstar® US Target Market Exposure Index (Parent 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.