Burns Matteson Capital Management LLC Cuts Stake in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)

Burns Matteson Capital Management LLC reduced its position in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) by 11.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,679 shares of the company’s stock after selling 1,297 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Franklin International Core Dividend Tilt Index ETF were worth $312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cape Investment Advisory Inc. acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the fourth quarter worth $40,000. Private Trust Co. NA lifted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 19.0% during the fourth quarter. Private Trust Co. NA now owns 4,902 shares of the company’s stock worth $151,000 after buying an additional 784 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the fourth quarter worth $179,000. Avantax Advisory Services Inc. acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the fourth quarter worth $227,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the fourth quarter worth $250,000.

Franklin International Core Dividend Tilt Index ETF Trading Down 0.6 %

Shares of NYSEARCA:DIVI traded down $0.19 on Thursday, hitting $31.43. 127,208 shares of the company were exchanged, compared to its average volume of 153,430. Franklin International Core Dividend Tilt Index ETF has a 1-year low of $26.60 and a 1-year high of $33.15. The stock’s 50 day moving average price is $32.18 and its 200 day moving average price is $31.62. The firm has a market capitalization of $779.46 million, a P/E 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.