LPL Financial LLC Buys 18,480 Shares of Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM)

LPL Financial LLC increased its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) by 64.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,111 shares of the company’s stock after acquiring an additional 18,480 shares during the quarter. LPL Financial LLC owned about 0.09% of Franklin Emerging Market Core Dividend Tilt Index ETF worth $1,250,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DIEM. JPMorgan Chase & Co. lifted its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 9.1% during the third quarter. JPMorgan Chase & Co. now owns 6,516 shares of the company’s stock worth $184,000 after acquiring an additional 544 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the fourth quarter worth approximately $284,000. Finally, Sanctuary Advisors LLC increased its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 12.2% during the third quarter. Sanctuary Advisors LLC now owns 17,951 shares of the company’s stock worth $483,000 after purchasing an additional 1,952 shares during the period.

Franklin Emerging Market Core Dividend Tilt Index ETF Price Performance

DIEM opened at $26.01 on Friday. The business has a fifty day simple moving average of $26.87 and a 200 day simple moving average of $27.08. Franklin Emerging Market Core Dividend Tilt Index ETF has a 1 year low of $24.08 and a 1 year high of $29.90. The company has a market capitalization of $13.01 million, a PE ratio of 10.84 and a beta of 0.65.

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.