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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHDGet Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 109,871 shares changed hands during trading, an increase of 114% from the previous session’s volume of 51,322 shares.The stock last traded at $42.87 and had previously closed at $42.79.

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

The business has a 50-day simple moving average of $43.18 and a two-hundred day simple moving average of $41.50. The stock has a market cap of $612.33 million, a price-to-earnings ratio of 16.71 and a beta of 0.68.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Thursday, February 5th were given a dividend of $0.0845 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, February 5th.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. grew 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 valued at $1,886,000 after purchasing an additional 26,641 shares during the last quarter. Farther Finance Advisors LLC grew 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 valued at $820,000 after purchasing an additional 9,668 shares during the last quarter. Finally, Nvwm LLC grew its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 4.3% in the third quarter. Nvwm LLC now owns 15,704 shares of the company’s stock valued at $649,000 after purchasing an additional 652 shares during 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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