Northwestern Mutual Wealth Management Co. Cuts Holdings in Franklin International Core Dividend Tilt Index ETF $DIVI

Northwestern Mutual Wealth Management Co. decreased its position in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) by 93.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,679 shares of the company’s stock after selling 581,213 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.07% of Franklin International Core Dividend Tilt Index ETF worth $1,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIVI. JPMorgan Chase & Co. increased its holdings in Franklin International Core Dividend Tilt Index ETF by 23.4% in the second quarter. JPMorgan Chase & Co. now owns 14,395 shares of the company’s stock valued at $513,000 after buying an additional 2,726 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Franklin International Core Dividend Tilt Index ETF by 35.1% in the second quarter. Raymond James Financial Inc. now owns 752,548 shares of the company’s stock valued at $26,821,000 after buying an additional 195,552 shares in the last quarter. Jane Street Group LLC increased its holdings in Franklin International Core Dividend Tilt Index ETF by 1.1% in the second quarter. Jane Street Group LLC now owns 381,022 shares of the company’s stock valued at $13,580,000 after buying an additional 4,297 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Franklin International Core Dividend Tilt Index ETF by 79.7% in the second quarter. Ameriprise Financial Inc. now owns 91,711 shares of the company’s stock valued at $3,269,000 after buying an additional 40,677 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Franklin International Core Dividend Tilt Index ETF by 138.4% in the second quarter. Bank of America Corp DE now owns 1,519,906 shares of the company’s stock valued at $54,169,000 after buying an additional 882,367 shares in the last quarter.

Franklin International Core Dividend Tilt Index ETF Stock Performance

DIVI opened at $43.26 on Thursday. Franklin International Core Dividend Tilt Index ETF has a fifty-two week low of $34.03 and a fifty-two week high of $43.53. The company has a fifty day moving average of $41.49 and a two-hundred day moving average of $40.52. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 14.82 and a beta of 0.69.

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.