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

Smart Money Group LLC trimmed its holdings in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) by 80.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,819 shares of the company’s stock after selling 141,719 shares during the period. Smart Money Group LLC owned 0.14% of Franklin International Core Dividend Tilt Index ETF worth $1,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James & Associates grew its stake in Franklin International Core Dividend Tilt Index ETF by 10.4% during the 3rd quarter. Raymond James & Associates now owns 97,304 shares of the company’s stock valued at $3,227,000 after acquiring an additional 9,177 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Franklin International Core Dividend Tilt Index ETF by 18.3% during the second quarter. Envestnet Asset Management Inc. now owns 169,060 shares of the company’s stock worth $5,285,000 after acquiring an additional 26,205 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 30.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 244,687 shares of the company’s stock valued at $7,649,000 after purchasing an additional 56,788 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 4.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 21,044 shares of the company’s stock worth $698,000 after purchasing an additional 949 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Franklin International Core Dividend Tilt Index ETF by 7.5% in the 2nd quarter. NewEdge Advisors LLC now owns 793,809 shares of the company’s stock valued at $24,814,000 after buying an additional 55,085 shares during the period.

Franklin International Core Dividend Tilt Index ETF Price Performance

Shares of DIVI opened at $30.54 on Monday. The firm has a 50-day simple moving average of $30.57 and a two-hundred day simple moving average of $31.60. Franklin International Core Dividend Tilt Index ETF has a 1-year low of $29.51 and a 1-year high of $33.74. The stock has a market cap of $757.39 million, a PE ratio of 13.10 and a beta of 0.80.

Franklin International Core Dividend Tilt Index ETF 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.