Independent Advisor Alliance bought a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 18,498 shares of the company’s stock, valued at approximately $840,000. Independent Advisor Alliance owned about 1.23% of Franklin U.S. Core Dividend Tilt Index ETF as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in UDIV. Total Clarity Wealth Management Inc. raised its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 12.2% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 6,111 shares of the company’s stock valued at $277,000 after acquiring an additional 666 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 58.1% in the 3rd quarter. Harbour Investments Inc. now owns 8,033 shares of the company’s stock valued at $359,000 after buying an additional 2,953 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 13.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,425 shares of the company’s stock valued at $644,000 after buying an additional 1,737 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of 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 buying an additional 7,011 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter valued at $3,134,000.
Franklin U.S. Core Dividend Tilt Index ETF Stock Up 2.2 %
UDIV opened at $44.15 on Friday. Franklin U.S. Core Dividend Tilt Index ETF has a 12 month low of $38.15 and a 12 month high of $47.90. The company has a fifty day simple moving average of $46.15 and a 200 day simple moving average of $45.59. The stock has a market cap of $50.77 million, a P/E ratio of 23.31 and a beta of 0.89.
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.
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