Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 52-Week High – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s share price reached a new 52-week high on Tuesday . The company traded as high as $41.67 and last traded at $40.60, with a volume of 101 shares traded. The stock had previously closed at $40.71.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 0.3 %

The stock has a fifty day moving average of $39.26 and a 200-day moving average of $39.82. The stock has a market capitalization of $533.84 million, a PE ratio of 19.70 and a beta of 0.76.

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

The business also recently disclosed a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, February 6th were given a dividend of $0.0646 per share. The ex-dividend date of this dividend was Thursday, February 6th.

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

Several hedge funds have recently added to or reduced their stakes in LVHD. Baird Financial Group Inc. acquired a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the fourth quarter worth $998,000. Ameriprise Financial Inc. lifted its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 5.7% during the 4th quarter. Ameriprise Financial Inc. now owns 21,608 shares of the company’s stock worth $829,000 after buying an additional 1,165 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 11.4% during the 4th quarter. Arkadios Wealth Advisors now owns 10,471 shares of the company’s stock worth $402,000 after acquiring an additional 1,073 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 60,573 shares of the company’s stock valued at $2,467,000 after acquiring an additional 4,780 shares during the last quarter.

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.