Ridgeline Wealth Planning LLC Makes New $2.79 Million Investment in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)

Ridgeline Wealth Planning LLC bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 93,004 shares of the company’s stock, valued at approximately $2,791,000. Franklin International Core Dividend Tilt Index ETF accounts for about 2.7% of Ridgeline Wealth Planning LLC’s portfolio, making the stock its 9th largest position. Ridgeline Wealth Planning LLC owned approximately 0.38% of Franklin International Core Dividend Tilt Index ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DIVI. Powers Advisory Group LLC acquired a new stake in Franklin International Core Dividend Tilt Index ETF in the fourth quarter valued at approximately $213,000. FMR LLC lifted its position in shares of Franklin International Core Dividend Tilt Index ETF by 524.0% during the 3rd quarter. FMR LLC now owns 7,220 shares of the company’s stock valued at $239,000 after buying an additional 6,063 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at $317,000. JPMorgan Chase & Co. increased its holdings in Franklin International Core Dividend Tilt Index ETF by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,827 shares of the company’s stock worth $326,000 after acquiring an additional 437 shares in the last quarter. Finally, Savvy Advisors Inc. increased its holdings in Franklin International Core Dividend Tilt Index ETF by 7.5% in the 3rd quarter. Savvy Advisors Inc. now owns 9,858 shares of the company’s stock worth $327,000 after acquiring an additional 691 shares in the last quarter.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.8 %

DIVI opened at $32.06 on Wednesday. The firm’s fifty day simple moving average is $30.81 and its two-hundred day simple moving average is $31.54. Franklin International Core Dividend Tilt Index ETF has a 52-week low of $29.51 and a 52-week high of $33.74. The company has a market cap of $795.09 million, a price-to-earnings ratio of 13.10 and a beta of 0.80.

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.