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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.94 and last traded at $43.83, with a volume of 14710 shares changing hands. The stock had previously closed at $43.43.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.6%

The firm has a 50 day moving average price of $42.35 and a 200 day moving average price of $40.94. The stock has a market cap of $2.54 billion, a P/E ratio of 14.82 and a beta of 0.68.

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

Several large investors have recently added to or reduced their stakes in DIVI. Bank of America Corp DE raised its position in shares of Franklin International Core Dividend Tilt Index ETF by 138.4% during the 2nd quarter. Bank of America Corp DE now owns 1,519,906 shares of the company’s stock valued at $54,169,000 after purchasing an additional 882,367 shares during the period. Retirement Planning Group LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 14.0% in the 1st quarter. Retirement Planning Group LLC now owns 5,659,717 shares of the company’s stock worth $225,313,000 after buying an additional 695,595 shares in the last quarter. Franklin Resources Inc. raised its holdings in Franklin International Core Dividend Tilt Index ETF by 1,272.1% during the third quarter. Franklin Resources Inc. now owns 562,076 shares of the company’s stock valued at $20,971,000 after acquiring an additional 521,110 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Franklin International Core Dividend Tilt Index ETF by 801.0% during the second quarter. Orion Porfolio Solutions LLC now owns 413,451 shares of the company’s stock valued at $14,735,000 after acquiring an additional 367,565 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Franklin International Core Dividend Tilt Index ETF by 5.4% in the fourth quarter. LPL Financial LLC now owns 4,659,366 shares of the company’s stock valued at $181,203,000 after acquiring an additional 240,799 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.