Raymond James Financial Inc. Purchases New Position in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM)

Raymond James Financial Inc. purchased a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,711 shares of the company’s stock, valued at approximately $284,000.

Separately, JPMorgan Chase & Co. raised its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 9.1% in the third quarter. JPMorgan Chase & Co. now owns 6,516 shares of the company’s stock valued at $184,000 after purchasing an additional 544 shares during the last quarter.

Franklin Emerging Market Core Dividend Tilt Index ETF Price Performance

DIEM opened at $25.29 on Friday. Franklin Emerging Market Core Dividend Tilt Index ETF has a fifty-two week low of $24.08 and a fifty-two week high of $29.90. The firm has a market capitalization of $12.65 million, a P/E ratio of 10.84 and a beta of 0.65. The company’s 50-day moving average is $26.99 and its 200 day moving average is $27.17.

Franklin Emerging Market Core Dividend Tilt Index ETF Company 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.