Bank of New York Mellon Corp Sells 2,167 Shares of Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV)

Bank of New York Mellon Corp lessened its position in shares of Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,267 shares of the company’s stock after selling 2,167 shares during the period. Bank of New York Mellon Corp owned 0.95% of Franklin U.S. Core Dividend Tilt Index ETF worth $648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CreativeOne Wealth LLC boosted its holdings 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 buying an additional 110,060 shares in the last quarter. Arkadios Wealth Advisors bought a new position in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter worth $3,134,000. Sanctuary Advisors LLC grew its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 22.5% in the third quarter. Sanctuary Advisors LLC now owns 38,197 shares of the company’s stock worth $1,773,000 after purchasing an additional 7,011 shares during the period. JPMorgan Chase & Co. grew its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 14,425 shares of the company’s stock worth $644,000 after purchasing an additional 1,737 shares during the period. Finally, Total Clarity Wealth Management Inc. increased its stake in Franklin U.S. Core Dividend Tilt Index ETF by 12.2% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 6,111 shares of the company’s stock valued at $277,000 after purchasing an additional 666 shares in the last quarter.

Franklin U.S. Core Dividend Tilt Index ETF Price Performance

UDIV stock opened at $44.47 on Thursday. The company’s 50-day moving average is $45.98 and its 200-day moving average is $45.66. The stock has a market capitalization of $51.14 million, a PE ratio of 23.31 and a beta of 0.89. Franklin U.S. Core Dividend Tilt Index ETF has a 1 year low of $38.15 and a 1 year high of $47.90.

Franklin U.S. 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. 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.