Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 12-Month High – Here’s Why

Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) hit a new 52-week high during trading on Friday . The company traded as high as $39.42 and last traded at $39.3360, with a volume of 9198 shares traded. The stock had previously closed at $38.89.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The firm’s 50 day moving average price is $38.41 and its two-hundred day moving average price is $37.18. The firm has a market cap of $2.07 billion, a PE ratio of 14.82 and a beta of 0.71.

Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock worth $25,000 after purchasing an additional 576 shares during the period. CIBC Private Wealth Group LLC acquired a new position in Franklin International Core Dividend Tilt Index ETF during the third quarter worth $29,000. Fifth Third Bancorp acquired a new position in Franklin International Core Dividend Tilt Index ETF during the third quarter worth $32,000. Crewe Advisors LLC purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF during the second quarter worth $57,000. Finally, Mather Group LLC. purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at $64,000.

Franklin International Core Dividend Tilt Index ETF Company Profile

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® Developed Markets ex-North America Target Market Exposure 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.