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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) shares saw unusually-high trading volume on Wednesday . Approximately 581,859 shares changed hands during trading, an increase of 227% from the previous session’s volume of 177,854 shares.The stock last traded at $33.52 and had previously closed at $32.72.

Franklin International Core Dividend Tilt Index ETF Price Performance

The business’s fifty day simple moving average is $31.30 and its two-hundred day simple moving average is $31.67. The company has a market cap of $1.19 billion, a PE ratio of 15.15 and a beta of 0.71.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

Several institutional investors and hedge funds have recently modified their holdings of DIVI. EverSource Wealth Advisors LLC purchased a new stake in Franklin International Core Dividend Tilt Index ETF in the 4th quarter worth $60,000. Wintrust Investments LLC lifted its stake in Franklin International Core Dividend Tilt Index ETF by 30.3% in the 4th quarter. Wintrust Investments LLC now owns 2,205 shares of the company’s stock valued at $66,000 after buying an additional 513 shares in the last quarter. Comerica Bank boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 11.8% in the 4th quarter. Comerica Bank now owns 3,267 shares of the company’s stock worth $98,000 after buying an additional 346 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 9.5% during the fourth quarter. Principal Securities Inc. now owns 3,729 shares of the company’s stock valued at $112,000 after acquiring an additional 323 shares during the last quarter. Finally, Powers Advisory Group LLC acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF during the fourth quarter valued at approximately $213,000.

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.