Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,011 shares of the company’s stock after selling 430 shares during the quarter. Janney Montgomery Scott LLC owned 0.44% of Franklin U.S. Core Dividend Tilt Index ETF worth $219,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. grew its position in Franklin U.S. Core Dividend Tilt Index ETF by 20.7% in the 4th quarter. Harbour Investments Inc. now owns 9,695 shares of the company’s stock worth $440,000 after purchasing an additional 1,662 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Franklin U.S. Core Dividend Tilt Index ETF by 14.1% in the fourth quarter. JPMorgan Chase & Co. now owns 16,463 shares of the company’s stock valued at $747,000 after acquiring an additional 2,038 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 6.7% during the fourth quarter. Franklin Resources Inc. now owns 16,906 shares of the company’s stock worth $768,000 after buying an additional 1,062 shares in the last quarter. Independent Advisor Alliance bought a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter worth approximately $840,000. Finally, Citadel Advisors LLC bought a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter worth approximately $1,175,000.

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

Franklin U.S. Core Dividend Tilt Index ETF stock opened at $48.93 on Monday. The company has a 50 day moving average price of $45.95 and a 200 day moving average price of $45.19. Franklin U.S. Core Dividend Tilt Index ETF has a 52 week low of $38.11 and a 52 week high of $48.99. The firm has a market capitalization of $63.61 million, a price-to-earnings ratio of 23.29 and a beta of 0.83.

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.