Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Reaches New 1-Year High – Here’s What Happened

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHDGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $43.49 and last traded at $43.3910, with a volume of 7944 shares changing hands. The stock had previously closed at $43.31.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.6%

The business has a 50 day moving average of $40.86 and a two-hundred day moving average of $40.79. The firm has a market cap of $618.40 million, a P/E ratio of 16.71 and a beta of 0.68.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Thursday, February 5th will be issued a dividend of $0.0845 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.34 annualized dividend and a dividend yield of 0.8%.

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

A number of institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 4,010.2% in the third quarter. Farther Finance Advisors LLC now owns 10,892 shares of the company’s stock valued at $450,000 after purchasing an additional 10,627 shares during the last quarter. Nvwm LLC bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF during the second quarter worth about $600,000. Finally, Ameriprise Financial Inc. grew its position 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 worth $1,886,000 after purchasing an additional 26,641 shares in the last quarter.

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

(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.

Further Reading

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