Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Stock Price Down 0.5% – Should You Sell?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares were down 0.5% on Thursday . The stock traded as low as $42.77 and last traded at $42.80. Approximately 27,537 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 54,868 shares. The stock had previously closed at $43.02.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 0.5%

The company has a market capitalization of $609.90 million, a price-to-earnings ratio of 16.71 and a beta of 0.60. The company’s 50 day simple moving average is $42.72 and its two-hundred day simple moving average is $42.00.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.3228 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.29 dividend on an annualized basis and a yield of 3.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Arkadios Wealth Advisors increased its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock valued at $1,428,000 after purchasing an additional 20,981 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter worth $291,000. Farther Finance Advisors LLC increased its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after acquiring an additional 9,668 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the second quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after acquiring an additional 26,641 shares during the period.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

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. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.