Royal Fund Management LLC Sells 16,690 Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI)

Royal Fund Management LLC trimmed its position in shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,704 shares of the company’s stock after selling 16,690 shares during the period. Royal Fund Management LLC’s holdings in Franklin International Core Dividend Tilt Index ETF were worth $501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIVI. Raymond James & Associates raised 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 purchasing an additional 9,177 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 valued at $5,285,000 after buying 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 second quarter. Northwestern Mutual Wealth Management Co. now owns 244,687 shares of the company’s stock valued at $7,649,000 after buying an additional 56,788 shares during the period. Cornerstone Wealth Management LLC grew its position in Franklin International Core Dividend Tilt Index ETF by 4.7% during the third 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. Finally, NewEdge Advisors LLC increased its stake in Franklin International Core Dividend Tilt Index ETF by 7.5% during the second quarter. NewEdge Advisors LLC now owns 793,809 shares of the company’s stock valued at $24,814,000 after acquiring an additional 55,085 shares during the period.

Franklin International Core Dividend Tilt Index ETF Stock Up 1.9 %

Franklin International Core Dividend Tilt Index ETF stock opened at $31.11 on Wednesday. The business has a 50 day moving average price of $30.57 and a two-hundred day moving average price of $31.59. Franklin International Core Dividend Tilt Index ETF has a 12 month low of $29.51 and a 12 month high of $33.74. The stock has a market cap of $771.53 million, a price-to-earnings ratio of 13.10 and a beta of 0.80.

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.