Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Hits New 12-Month High – Should You Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVIGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $40.92 and last traded at $40.94, with a volume of 22890 shares. The stock had previously closed at $40.62.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The business’s fifty day moving average is $38.99 and its two-hundred day moving average is $37.69. The company has a market cap of $2.18 billion, a P/E ratio of 14.82 and a beta of 0.71.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

A number of large investors have recently modified their holdings of DIVI. Sunbelt Securities Inc. increased its holdings in 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 bought a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter worth $29,000. Fifth Third Bancorp purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter valued at $32,000. Assetmark Inc. increased its stake in shares of Franklin International Core Dividend Tilt Index ETF by 950.0% during the fourth quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $37,000 after buying an additional 855 shares during the period. Finally, Crewe Advisors LLC bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the second quarter valued at about $57,000.

About Franklin International Core Dividend Tilt Index ETF

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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.

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