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) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $44.79 and last traded at $44.79, with a volume of 8614 shares traded. The stock had previously closed at $44.21.

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

The firm’s 50 day simple moving average is $43.01 and its 200 day simple moving average is $42.52. The firm has a market capitalization of $638.40 million, a price-to-earnings ratio of 16.71 and a beta of 0.58.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were issued a dividend of $0.3228 per share. This represents a $1.29 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, May 7th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter worth about $291,000. Farther Finance Advisors LLC lifted its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after buying an additional 9,668 shares during the period. Arkadios Wealth Advisors boosted its stake 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 buying an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake 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 buying an additional 26,641 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. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.