Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Stake Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,062 shares of the company’s stock after buying an additional 1,546 shares during the quarter. JPMorgan Chase & Co. owned about 1.61% of Franklin Emerging Market Core Dividend Tilt Index ETF worth $214,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 3.3% in the 4th quarter. Sanctuary Advisors LLC now owns 18,549 shares of the company’s stock worth $501,000 after acquiring an additional 598 shares during the period. Raymond James Financial Inc. bought a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF during the fourth quarter worth approximately $284,000. Finally, LPL Financial LLC lifted its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 64.5% in the fourth quarter. LPL Financial LLC now owns 47,111 shares of the company’s stock worth $1,250,000 after purchasing an additional 18,480 shares during the period.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Performance

Shares of DIEM stock opened at $27.85 on Friday. The business’s fifty day moving average is $26.75 and its 200-day moving average is $26.97. The stock has a market cap of $13.93 million, a PE ratio of 10.30 and a beta of 0.65. Franklin Emerging Market Core Dividend Tilt Index ETF has a 1 year low of $24.08 and a 1 year high of $29.90.

Franklin Emerging Market Core Dividend Tilt Index ETF Profile

Under normal market conditions, 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® Emerging Markets 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.