Powers Advisory Group LLC Acquires 24,293 Shares of Franklin International Core Dividend Tilt Index ETF $DIVI

Powers Advisory Group LLC boosted its stake in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) by 44.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,461 shares of the company’s stock after purchasing an additional 24,293 shares during the quarter. Franklin International Core Dividend Tilt Index ETF comprises about 1.1% of Powers Advisory Group LLC’s investment portfolio, making the stock its 19th largest holding. Powers Advisory Group LLC owned about 0.14% of Franklin International Core Dividend Tilt Index ETF worth $3,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its stake 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 buying 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 3rd quarter worth approximately $29,000. Assetmark Inc. boosted its holdings in 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 worth $37,000 after purchasing an additional 855 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock worth $42,000 after buying an additional 250 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in Franklin International Core Dividend Tilt Index ETF by 32.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock valued at $71,000 after purchasing an additional 444 shares in the last quarter.

Franklin International Core Dividend Tilt Index ETF Trading Down 2.2%

Shares of DIVI opened at $42.26 on Friday. The company’s fifty day simple moving average is $42.75 and its 200 day simple moving average is $41.27. Franklin International Core Dividend Tilt Index ETF has a 1-year low of $34.72 and a 1-year high of $44.18. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68.

Franklin International Core Dividend Tilt Index ETF 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.