Envestnet Asset Management Inc. Has $360,000 Stock Holdings in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV)

Envestnet Asset Management Inc. reduced its stake in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,919 shares of the company’s stock after selling 281 shares during the period. Envestnet Asset Management Inc. owned approximately 0.53% of Franklin U.S. Core Dividend Tilt Index ETF worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of UDIV. Total Clarity Wealth Management Inc. boosted its position in Franklin U.S. Core Dividend Tilt Index ETF by 12.2% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 6,111 shares of the company’s stock valued at $277,000 after buying an additional 666 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF by 20.7% in the fourth quarter. Harbour Investments Inc. now owns 9,695 shares of the company’s stock worth $440,000 after acquiring an additional 1,662 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 14,425 shares of the company’s stock worth $644,000 after acquiring an additional 1,737 shares during the last quarter. Franklin Resources Inc. boosted its position in Franklin U.S. Core Dividend Tilt Index ETF by 6.7% in the 4th quarter. Franklin Resources Inc. now owns 16,906 shares of the company’s stock valued at $768,000 after buying an additional 1,062 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter worth about $840,000.

Franklin U.S. Core Dividend Tilt Index ETF Trading Down 0.6 %

Shares of NYSEARCA UDIV opened at $43.65 on Tuesday. Franklin U.S. Core Dividend Tilt Index ETF has a 1 year low of $38.11 and a 1 year high of $47.90. The firm has a market capitalization of $50.20 million, a PE ratio of 23.66 and a beta of 0.85. The firm’s 50-day moving average is $42.98 and its 200-day moving average is $45.13.

Franklin U.S. 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. 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.