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

Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw strong trading volume on Tuesday . 718,995 shares were traded during trading, an increase of 222% from the previous session’s volume of 223,064 shares.The stock last traded at $42.72 and had previously closed at $42.54.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.3%

The firm has a market cap of $2.47 billion, a P/E ratio of 14.82 and a beta of 0.68. The stock’s 50-day simple moving average is $42.75 and its 200 day simple moving average is $41.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DIVI. Western Wealth Management LLC acquired a new stake in Franklin International Core Dividend Tilt Index ETF during the first quarter worth approximately $785,000. NewEdge Advisors LLC increased its holdings in Franklin International Core Dividend Tilt Index ETF by 5.3% in the first quarter. NewEdge Advisors LLC now owns 778,052 shares of the company’s stock worth $30,974,000 after purchasing an additional 39,477 shares in the last quarter. Bank of America Corp DE lifted its stake in Franklin International Core Dividend Tilt Index ETF by 14.1% in the first quarter. Bank of America Corp DE now owns 2,157,120 shares of the company’s stock valued at $85,875,000 after buying an additional 266,110 shares during the period. Royal Bank of Canada lifted its stake in Franklin International Core Dividend Tilt Index ETF by 227.3% in the first quarter. Royal Bank of Canada now owns 15,056 shares of the company’s stock valued at $599,000 after buying an additional 10,456 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 0.8% during the 1st quarter. Cetera Investment Advisers now owns 741,503 shares of the company’s stock worth $29,519,000 after buying an additional 5,905 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.