Koshinski Asset Management Inc. Grows Stock Holdings in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV)

Koshinski Asset Management Inc. raised its position in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) by 47.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,010 shares of the company’s stock after purchasing an additional 2,915 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Franklin U.S. Core Dividend Tilt Index ETF were worth $333,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 11.2% in the third quarter. LPL Financial LLC now owns 48,827 shares of the company’s stock valued at $1,614,000 after acquiring an additional 4,934 shares during the period. Cetera Investment Advisers purchased a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter valued at about $1,366,000. OLD Mission Capital LLC increased its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 751.4% in the first quarter. OLD Mission Capital LLC now owns 30,992 shares of the company’s stock valued at $1,000,000 after acquiring an additional 27,352 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the first quarter valued at about $960,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the second quarter valued at about $588,000.

Franklin U.S. Core Dividend Tilt Index ETF Trading Down 1.1 %

UDIV stock opened at $38.88 on Tuesday. The firm’s 50-day moving average price is $39.35 and its two-hundred day moving average price is $36.72. Franklin U.S. Core Dividend Tilt Index ETF has a 12-month low of $31.55 and a 12-month high of $40.39. The stock has a market capitalization of $60.27 million, a price-to-earnings ratio of 22.66 and a beta of 1.00.

About Franklin U.S. Core Dividend Tilt Index ETF

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.