Cetera Investment Advisers decreased its position in shares of Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV – Free Report) by 40.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,877 shares of the company’s stock after selling 18,468 shares during the quarter. Cetera Investment Advisers owned 1.79% of Franklin U.S. Core Dividend Tilt Index ETF worth $1,132,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of UDIV. CreativeOne Wealth LLC purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter valued at approximately $2,310,000. Cetera Advisors LLC purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter valued at approximately $1,077,000. Finally, Harbour Investments Inc. lifted its stake in Franklin U.S. Core Dividend Tilt Index ETF by 181.0% in the 2nd quarter. Harbour Investments Inc. now owns 5,080 shares of the company’s stock valued at $214,000 after buying an additional 3,272 shares in the last quarter.
Franklin U.S. Core Dividend Tilt Index ETF Stock Performance
UDIV stock opened at $45.36 on Thursday. Franklin U.S. Core Dividend Tilt Index ETF has a 1 year low of $31.70 and a 1 year high of $45.57. The stock’s 50 day moving average price is $43.74 and its 200 day moving average price is $42.02. The firm has a market cap of $68.04 million, a P/E ratio of 22.65 and a beta of 1.01.
About Franklin U.S. Core Dividend Tilt Index ETF
Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the index. The index is based on the Morningstar® US Target Market Exposure Index (Parent 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.
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