Northwestern Mutual Wealth Management Co. Has $25.99 Million Stake in Franklin International Core Dividend Tilt Index ETF $DIVI

Northwestern Mutual Wealth Management Co. lifted its position in shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 668,387 shares of the company’s stock after acquiring an additional 48,495 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 1.23% of Franklin International Core Dividend Tilt Index ETF worth $25,994,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% during the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after purchasing an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter valued at about $29,000. Fifth Third Bancorp acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter valued at about $32,000. Assetmark Inc. boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 950.0% during the fourth quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $37,000 after purchasing an additional 855 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the fourth quarter valued at about $78,000.

Franklin International Core Dividend Tilt Index ETF Stock Performance

Shares of DIVI stock opened at $43.28 on Monday. The business’s 50-day moving average price is $41.62 and its 200-day moving average price is $40.59. Franklin International Core Dividend Tilt Index ETF has a 12 month low of $34.03 and a 12 month high of $43.53. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 14.82 and a beta of 0.69.

Franklin International Core Dividend Tilt Index ETF Profile

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.