Royal Bank of Canada Takes $1.41 Million Position in Franklin Emerging Market Core Dividend Tilt Index ETF $DIEM

Royal Bank of Canada bought a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) during the first quarter, according to its most recent filing with the SEC. The fund bought 39,991 shares of the company’s stock, valued at approximately $1,414,000. Royal Bank of Canada owned 3.08% of Franklin Emerging Market Core Dividend Tilt Index ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIEM. Jane Street Group LLC grew its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% during the first quarter. Jane Street Group LLC now owns 86,027 shares of the company’s stock valued at $2,334,000 after buying an additional 61,466 shares during the period. Raymond James Financial Inc. boosted its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 656.4% in the second quarter. Raymond James Financial Inc. now owns 69,911 shares of the company’s stock valued at $2,093,000 after acquiring an additional 60,669 shares during the last quarter. LPL Financial LLC boosted its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 40.6% in the fourth quarter. LPL Financial LLC now owns 203,774 shares of the company’s stock valued at $6,849,000 after acquiring an additional 58,874 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 71.3% during the 4th quarter. Global Retirement Partners LLC now owns 139,511 shares of the company’s stock valued at $4,689,000 after acquiring an additional 58,090 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the 4th quarter valued at approximately $1,315,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Up 0.9%

Shares of DIEM stock opened at $41.92 on Thursday. The firm has a market cap of $75.46 million, a P/E ratio of 11.48 and a beta of 0.72. The company has a 50 day moving average of $42.23 and a 200-day moving average of $39.90. Franklin Emerging Market Core Dividend Tilt Index ETF has a 12-month low of $30.84 and a 12-month high of $46.58.

Franklin Emerging Market Core Dividend Tilt Index ETF Profile

Under normal market conditions, 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® Emerging Markets Target Market Exposure Index (Parent 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.