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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) shares saw unusually-strong trading volume on Monday . Approximately 318,640 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 185,573 shares.The stock last traded at $33.35 and had previously closed at $33.33.

Franklin International Core Dividend Tilt Index ETF Price Performance

The business’s 50-day moving average price is $32.15 and its two-hundred day moving average price is $31.72. The company has a market capitalization of $1.24 billion, a P/E ratio of 15.58 and a beta of 0.71.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIVI. Harbour Investments Inc. lifted its position in shares of Franklin International Core Dividend Tilt Index ETF by 37.2% in the fourth quarter. Harbour Investments Inc. now owns 96,290 shares of the company’s stock valued at $2,890,000 after buying an additional 26,125 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 9.5% in the fourth quarter. Principal Securities Inc. now owns 3,729 shares of the company’s stock valued at $112,000 after buying an additional 323 shares during the period. Sowell Financial Services LLC lifted its position in Franklin International Core Dividend Tilt Index ETF by 109.2% during the fourth quarter. Sowell Financial Services LLC now owns 24,406 shares of the company’s stock worth $732,000 after purchasing an additional 12,738 shares during the period. FMR LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 524.0% in the third quarter. FMR LLC now owns 7,220 shares of the company’s stock valued at $239,000 after acquiring an additional 6,063 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter worth $317,000.

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.