Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sets New 12-Month High – Time to Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $35.73 and last traded at $35.63, with a volume of 15851 shares traded. The stock had previously closed at $35.59.

Franklin International Core Dividend Tilt Index ETF Trading Up 0.3%

The business has a 50-day moving average price of $33.46 and a 200-day moving average price of $32.26. The firm has a market cap of $1.53 billion, a P/E ratio of 15.03 and a beta of 0.69.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Retirement Planning Group LLC boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 145.1% in the first quarter. Retirement Planning Group LLC now owns 4,259,032 shares of the company’s stock worth $138,802,000 after acquiring an additional 2,521,123 shares in the last quarter. Capital Analysts LLC raised its position in Franklin International Core Dividend Tilt Index ETF by 1,497.7% during the first quarter. Capital Analysts LLC now owns 617,457 shares of the company’s stock valued at $20,123,000 after acquiring an additional 578,811 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Franklin International Core Dividend Tilt Index ETF during the fourth quarter valued at approximately $13,692,000. Mariner LLC raised its position in Franklin International Core Dividend Tilt Index ETF by 95.9% during the fourth quarter. Mariner LLC now owns 729,761 shares of the company’s stock valued at $21,900,000 after acquiring an additional 357,314 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Franklin International Core Dividend Tilt Index ETF by 286.1% during the fourth quarter. Jane Street Group LLC now owns 466,920 shares of the company’s stock valued at $14,012,000 after acquiring an additional 345,996 shares in the last quarter.

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.