Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Reaches New 1-Year Low – Here’s Why

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)’s stock price hit a new 52-week low on Monday . The company traded as low as $28.81 and last traded at $28.81, with a volume of 32760 shares traded. The stock had previously closed at $29.90.

Franklin International Core Dividend Tilt Index ETF Stock Performance

The company’s 50-day simple moving average is $32.54 and its 200-day simple moving average is $31.73. The company has a market capitalization of $1.15 billion, a PE ratio of 14.77 and a beta of 0.66.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIVI. Retirement Planning Group LLC grew its stake in shares of Franklin International Core Dividend Tilt Index ETF by 15.9% in the 4th quarter. Retirement Planning Group LLC now owns 1,737,909 shares of the company’s stock valued at $52,155,000 after purchasing an additional 238,055 shares during the last quarter. NewEdge Advisors LLC grew its position in Franklin International Core Dividend Tilt Index ETF by 5.2% in the 4th quarter. NewEdge Advisors LLC now owns 844,722 shares of the company’s stock valued at $25,350,000 after buying an additional 41,596 shares during the last quarter. Mariner LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 95.9% in the 4th quarter. Mariner LLC now owns 729,761 shares of the company’s stock valued at $21,900,000 after buying an additional 357,314 shares during the period. Legacy Financial Advisors Inc. raised its position in Franklin International Core Dividend Tilt Index ETF by 11.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 673,433 shares of the company’s stock worth $20,210,000 after buying an additional 71,013 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 20.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 550,250 shares of the company’s stock worth $16,827,000 after acquiring an additional 94,142 shares during the period.

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.