Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Unusually-High Trading Volume – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHDGet Free Report) shares saw strong trading volume on Tuesday . Approximately 64,774 shares changed hands during trading, an increase of 15% from the previous session’s volume of 56,261 shares.The stock last traded at $44.0950 and had previously closed at $43.97.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 1.0%

The business’s fifty day moving average price is $44.61 and its 200 day moving average price is $43.63. The firm has a market capitalization of $611.32 million, a PE ratio of 16.71 and a beta of 0.57.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Thursday, August 6th were issued a $0.383 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.53 annualized dividend and a yield of 3.5%.

Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds have recently made changes to their positions in LVHD. Bank of New York Mellon Corp acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in 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, Ameriprise Financial Inc. boosted its position 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 last quarter.

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

(Get Free Report)

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.

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