Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sets New 52-Week High – Still a Buy?

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) reached a new 52-week high during trading on Tuesday . The stock traded as high as $46.29 and last traded at $46.29, with a volume of 3048 shares traded. The stock had previously closed at $45.38.

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

The company has a fifty day simple moving average of $43.79 and a two-hundred day simple moving average of $43.10. The company has a market capitalization of $646.66 million, a price-to-earnings ratio of 16.71 and a beta of 0.58.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Thursday, May 7th were given a $0.3228 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.8%.

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

A number of hedge funds have recently added to or reduced their stakes in LVHD. Ameriprise Financial Inc. increased its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after acquiring an additional 26,641 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter worth about $291,000. Arkadios Wealth Advisors boosted its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the first quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after acquiring an additional 20,981 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position 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 last quarter.

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