Smart Money Group LLC Raises Stock Position in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)

Smart Money Group LLC grew its position in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 165,099 shares of the company’s stock after purchasing an additional 9,469 shares during the period. Franklin International Core Dividend Tilt Index ETF accounts for 2.2% of Smart Money Group LLC’s holdings, making the stock its 13th largest position. Smart Money Group LLC’s holdings in Franklin International Core Dividend Tilt Index ETF were worth $5,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA lifted its position in Franklin International Core Dividend Tilt Index ETF by 19.0% in the fourth quarter. Private Trust Co. NA now owns 4,902 shares of the company’s stock valued at $151,000 after buying an additional 784 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF in the 4th quarter worth approximately $250,000. Sowell Financial Services LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 19.6% during the 3rd quarter. Sowell Financial Services LLC now owns 12,318 shares of the company’s stock worth $344,000 after purchasing an additional 2,020 shares during the period. Silverlake Wealth Management LLC increased its holdings in Franklin International Core Dividend Tilt Index ETF by 23.4% in the 4th quarter. Silverlake Wealth Management LLC now owns 11,754 shares of the company’s stock valued at $361,000 after purchasing an additional 2,228 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Franklin International Core Dividend Tilt Index ETF by 81.7% in the third quarter. Commonwealth Equity Services LLC now owns 15,867 shares of the company’s stock valued at $443,000 after purchasing an additional 7,135 shares during the period.

Franklin International Core Dividend Tilt Index ETF Stock Performance

Shares of DIVI traded up $0.40 during midday trading on Thursday, hitting $31.56. 228,536 shares of the stock were exchanged, compared to its average volume of 156,657. Franklin International Core Dividend Tilt Index ETF has a 52-week low of $26.60 and a 52-week high of $32.33. The stock has a fifty day simple moving average of $31.62 and a 200 day simple moving average of $30.26. The firm has a market cap of $770.06 million, a P/E ratio of 12.62 and a beta of 0.66.

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.