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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) reached a new 52-week high on Wednesday . The stock traded as high as $43.21 and last traded at $43.21, with a volume of 138456 shares trading hands. The stock had previously closed at $42.08.

Franklin International Core Dividend Tilt Index ETF Stock Up 2.7%

The company has a market capitalization of $2.51 billion, a P/E ratio of 14.82 and a beta of 0.69. The company has a 50-day moving average of $40.99 and a two-hundred day moving average of $39.96.

Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF

Several hedge funds have recently made changes to their positions in the company. Retirement Planning Group LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 14.0% during the first quarter. Retirement Planning Group LLC now owns 5,659,717 shares of the company’s stock valued at $225,313,000 after purchasing an additional 695,595 shares in the last quarter. LPL Financial LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 5.4% during the fourth quarter. LPL Financial LLC now owns 4,659,366 shares of the company’s stock valued at $181,203,000 after purchasing an additional 240,799 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 1,629,671 shares of the company’s stock valued at $60,803,000 after purchasing an additional 109,765 shares in the last quarter. Capital Analysts LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 1.7% during the fourth quarter. Capital Analysts LLC now owns 1,436,571 shares of the company’s stock valued at $55,868,000 after purchasing an additional 23,804 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 14.2% during the fourth quarter. CWM LLC now owns 1,244,471 shares of the company’s stock valued at $48,397,000 after purchasing an additional 154,297 shares in 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.