Franklin U.S. Core Dividend Tilt Index ETF (UDIV)
Franklin U.S. Core Dividend Tilt Index ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Mateo, CA, US. The stock last traded at $62.11, up 0.31% on the session, giving a market capitalisation of $149.1M. Its beta of 1.02 implies it has historically moved more than the broad market.
UDIV tracks an index to search for high dividend yield across the US equities market. The fund starts its selection process from the index parent universe, which is composed of large- and mid-capitalization US stocks representing the top 85% of the US equity market by float-adjusted market capitalization. From this universe, the underlying index aims to limit expected tracking error to the parent index by utilizing an optimization process that is applied at each quarterly reconstitution. The underlying index also tilts the selection and weighting process to favor high dividend paying companies (based on trailing twelve-month dividend yield). Prior to August 1, 2022, the fund was named Franklin LibertyQ Global Dividend ETF, with ticker FLQD, and tracked the LibertyQ Global Dividend Index.
Franklin U.S. Core Dividend Tilt Index ETF is most often compared with the following Financial Services names: