Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Volume Increase

Posted by James Quigley on Apr 24th, 2024

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) saw strong trading volume on Monday . 364,500 shares changed hands during trading, an increase of 139% from the previous session’s volume of 152,689 shares.The stock last traded at $35.89 and had previously closed at $35.75.

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

The stock has a fifty day simple moving average of $35.72 and a 200-day simple moving average of $35.27. The company has a market capitalization of $634.96 million, a price-to-earnings ratio of 15.93 and a beta of 0.76.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Friday, February 9th were paid a $0.1379 dividend. This represents a $0.55 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, February 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVHD. Vima LLC acquired a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the 4th quarter valued at about $34,000. S. R. Schill & Associates acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the fourth quarter valued at approximately $205,000. Finally, Arden Trust Co increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 2.0% in the fourth quarter. Arden Trust Co now owns 112,940 shares of the company’s stock valued at $4,105,000 after buying an additional 2,246 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.