Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Strong Trading Volume – Should You Buy?

Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw unusually-high trading volume on Monday . Approximately 175,580 shares changed hands during mid-day trading, an increase of 34% from the previous session’s volume of 130,790 shares.The stock last traded at $30.49 and had previously closed at $30.00.

Franklin International Core Dividend Tilt Index ETF Trading Up 1.1 %

The stock has a fifty day simple moving average of $30.84 and a two-hundred day simple moving average of $31.69. The firm has a market cap of $752.43 million, a PE ratio of 13.10 and a beta of 0.80.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DIVI. FMR LLC lifted its position in Franklin International Core Dividend Tilt Index ETF by 524.0% during the third quarter. FMR LLC now owns 7,220 shares of the company’s stock valued at $239,000 after purchasing an additional 6,063 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at $317,000. JPMorgan Chase & Co. lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,827 shares of the company’s stock worth $326,000 after acquiring an additional 437 shares during the last quarter. Savvy Advisors Inc. grew its position in Franklin International Core Dividend Tilt Index ETF by 7.5% in the third quarter. Savvy Advisors Inc. now owns 9,858 shares of the company’s stock worth $327,000 after acquiring an additional 691 shares in the last quarter. Finally, Silverlake Wealth Management LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 12.2% in the third quarter. Silverlake Wealth Management LLC now owns 10,559 shares of the company’s stock valued at $350,000 after acquiring an additional 1,148 shares during the last quarter.

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.