Franklin Resources Inc. Lowers Stake in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM)

Franklin Resources Inc. lessened its position in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,521 shares of the company’s stock after selling 382 shares during the period. Franklin Resources Inc. owned about 0.90% of Franklin Emerging Market Core Dividend Tilt Index ETF worth $128,000 as of its most recent SEC filing.

Separately, Sanctuary Advisors LLC purchased a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the 2nd quarter worth about $411,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Performance

Franklin Emerging Market Core Dividend Tilt Index ETF stock opened at $26.48 on Friday. Franklin Emerging Market Core Dividend Tilt Index ETF has a 1 year low of $23.36 and a 1 year high of $29.90. The firm has a 50 day moving average price of $27.13 and a 200 day moving average price of $27.16. The company has a market cap of $13.24 million, a price-to-earnings ratio of 8.51 and a beta of 0.81.

Franklin Emerging Market Core Dividend Tilt Index ETF Profile

Under normal market conditions, 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® Emerging Markets 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.