Cornerstone Wealth Management LLC Raises Stake in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)

Cornerstone Wealth Management LLC increased its holdings in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) by 12.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,579 shares of the company’s stock after buying an additional 2,535 shares during the period. Cornerstone Wealth Management LLC’s holdings in Franklin International Core Dividend Tilt Index ETF were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DIVI. Raymond James & Associates grew its holdings in Franklin International Core Dividend Tilt Index ETF by 10.4% during the third quarter. Raymond James & Associates now owns 97,304 shares of the company’s stock worth $3,227,000 after acquiring an additional 9,177 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 18.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 169,060 shares of the company’s stock valued at $5,285,000 after purchasing an additional 26,205 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 30.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 244,687 shares of the company’s stock worth $7,649,000 after buying an additional 56,788 shares in the last quarter. NewEdge Advisors LLC grew its position in Franklin International Core Dividend Tilt Index ETF by 7.5% during the second quarter. NewEdge Advisors LLC now owns 793,809 shares of the company’s stock valued at $24,814,000 after buying an additional 55,085 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in Franklin International Core Dividend Tilt Index ETF in the third quarter valued at $317,000.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.5 %

DIVI stock opened at $31.44 on Friday. Franklin International Core Dividend Tilt Index ETF has a 52-week low of $29.51 and a 52-week high of $33.74. The firm has a market cap of $779.71 million, a P/E ratio of 13.10 and a beta of 0.80. The company’s 50-day simple moving average is $30.61 and its 200-day simple moving average is $31.58.

About Franklin International Core Dividend Tilt Index ETF

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.