Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Large Volume Increase – Time to Buy?

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) shares saw unusually-strong trading volume on Monday . Approximately 318,640 shares were traded during mid-day trading, an increase of 72% from the previous session’s volume of 185,573 shares.The stock last traded at $33.35 and had previously closed at $33.33.

Franklin International Core Dividend Tilt Index ETF Price Performance

The company has a fifty day moving average price of $32.29 and a 200 day moving average price of $31.73. The stock has a market cap of $1.24 billion, a P/E ratio of 15.58 and a beta of 0.71.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Retirement Planning Group LLC lifted its position in shares of Franklin International Core Dividend Tilt Index ETF by 15.9% during the fourth quarter. Retirement Planning Group LLC now owns 1,737,909 shares of the company’s stock valued at $52,155,000 after purchasing an additional 238,055 shares in the last quarter. Novem Group purchased a new stake in Franklin International Core Dividend Tilt Index ETF in the 4th quarter valued at about $2,182,000. Cornerstone Financial Group LLC NE bought a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 4th quarter worth approximately $222,000. Cetera Investment Advisers boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 18.2% in the 4th quarter. Cetera Investment Advisers now owns 503,551 shares of the company’s stock worth $15,112,000 after buying an additional 77,553 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 217.2% in the fourth quarter. Citadel Advisors LLC now owns 31,441 shares of the company’s stock valued at $944,000 after acquiring an additional 21,529 shares in the last quarter.

About Franklin International Core Dividend Tilt Index ETF

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.