Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sets New 12-Month High at $38.39

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) reached a new 52-week high on Monday . The stock traded as high as $38.39 and last traded at $38.30, with a volume of 31613 shares. The stock had previously closed at $38.23.

Franklin U.S. Low Volatility High Dividend Index ETF Price Performance

The business has a 50 day simple moving average of $36.19 and a 200-day simple moving average of $35.93. The stock has a market capitalization of $601.15 million, a price-to-earnings ratio of 16.41 and a beta of 0.76.

Franklin U.S. Low Volatility High Dividend Index ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Friday, May 3rd were given a $0.394 dividend. The ex-dividend date was Thursday, May 2nd. This is a positive change from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.14. This represents a $1.58 annualized dividend and a dividend yield of 4.12%.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

Hedge funds have recently bought and sold shares of the stock. Vima LLC acquired a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the fourth quarter valued at approximately $34,000. Lynx Investment Advisory bought a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the 2nd quarter valued at $96,000. Finally, S. R. Schill & Associates acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the 4th quarter worth $205,000.

About Franklin U.S. Low Volatility High Dividend Index ETF

The Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that is based on the QS Low Volatility High Dividend index. The fund tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility.