Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its stake in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) by 15.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,720 shares of the company’s stock after selling 871 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.41% of Franklin U.S. Core Dividend Tilt Index ETF worth $206,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in UDIV. CreativeOne Wealth LLC increased its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 38.2% during the fourth quarter. CreativeOne Wealth LLC now owns 276,422 shares of the company’s stock worth $12,551,000 after acquiring an additional 76,347 shares during the last quarter. LPL Financial LLC boosted its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 1.3% in the fourth quarter. LPL Financial LLC now owns 85,368 shares of the company’s stock valued at $3,876,000 after purchasing an additional 1,070 shares during the last quarter. Susquehanna International Group LLP grew its stake in Franklin U.S. Core Dividend Tilt Index ETF by 56.8% during the 4th quarter. Susquehanna International Group LLP now owns 49,379 shares of the company’s stock valued at $2,242,000 after purchasing an additional 17,889 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 4th quarter worth approximately $1,175,000. Finally, Franklin Resources Inc. increased its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 6.7% during the 4th quarter. Franklin Resources Inc. now owns 16,906 shares of the company’s stock worth $768,000 after purchasing an additional 1,062 shares during the last quarter.

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

Shares of Franklin U.S. Core Dividend Tilt Index ETF stock opened at $48.85 on Tuesday. Franklin U.S. Core Dividend Tilt Index ETF has a 1 year low of $38.11 and a 1 year high of $49.04. The firm’s 50-day simple moving average is $46.50 and its 200-day simple moving average is $45.27. The firm has a market cap of $63.51 million, a PE ratio of 23.29 and a beta of 0.83.

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.