Franklin Resources Inc. Decreases Position in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV)

Franklin Resources Inc. cut its holdings in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) by 97.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,844 shares of the company’s stock after selling 582,766 shares during the quarter. Franklin Resources Inc. owned approximately 1.06% of Franklin U.S. Core Dividend Tilt Index ETF worth $722,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UDIV. Harbour Investments Inc. boosted its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF by 58.1% during the 3rd quarter. Harbour Investments Inc. now owns 8,033 shares of the company’s stock worth $359,000 after purchasing an additional 2,953 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 22.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,197 shares of the company’s stock valued at $1,773,000 after acquiring an additional 7,011 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF by 122.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 200,075 shares of the company’s stock worth $8,930,000 after purchasing an additional 110,060 shares during the period.

Franklin U.S. Core Dividend Tilt Index ETF Stock Down 1.1 %

Shares of NYSEARCA:UDIV opened at $46.04 on Monday. The company has a market cap of $69.06 million, a P/E ratio of 22.65 and a beta of 1.01. The business has a fifty day simple moving average of $46.14 and a 200-day simple moving average of $44.23. Franklin U.S. Core Dividend Tilt Index ETF has a 52 week low of $36.01 and a 52 week high of $47.25.

Franklin U.S. Core Dividend Tilt Index ETF Company Profile

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.