Financial Advocates Investment Management Cuts Position in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)

Financial Advocates Investment Management reduced its position in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) by 37.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,620 shares of the company’s stock after selling 6,403 shares during the period. Financial Advocates Investment Management’s holdings in Franklin International Core Dividend Tilt Index ETF were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Raymond James & Associates boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 10.4% in the third quarter. Raymond James & Associates now owns 97,304 shares of the company’s stock valued at $3,227,000 after purchasing an additional 9,177 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in Franklin International Core Dividend Tilt Index ETF by 4.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 21,044 shares of the company’s stock worth $698,000 after buying an additional 949 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at about $317,000. FMR LLC grew its stake in shares of Franklin International Core Dividend Tilt Index ETF by 524.0% during 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 in the last quarter. Finally, Silverlake Wealth Management LLC grew its stake in shares of Franklin International Core Dividend Tilt Index ETF by 12.2% during the third quarter. Silverlake Wealth Management LLC now owns 10,559 shares of the company’s stock valued at $350,000 after acquiring an additional 1,148 shares in the last quarter.

Franklin International Core Dividend Tilt Index ETF Stock Performance

NYSEARCA:DIVI opened at $31.65 on Monday. The stock has a market cap of $784.92 million, a price-to-earnings ratio of 13.10 and a beta of 0.80. Franklin International Core Dividend Tilt Index ETF has a one year low of $29.51 and a one year high of $33.74. The business’s 50-day simple moving average is $30.79 and its 200 day simple moving average is $31.53.

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.