Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) shares saw an uptick in trading volume on Wednesday . Approximately 51,765 shares traded hands during trading, a decline of 10% from the previous session’s volume of 57,698 shares.The stock last traded at $44.77 and had previously closed at $44.99.
Franklin U.S. Low Volatility High Dividend Index ETF Stock Performance
The company has a market cap of $630.28 million, a price-to-earnings ratio of 16.71 and a beta of 0.58. The stock’s fifty day moving average is $44.06 and its two-hundred day moving average is $43.30.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter valued at approximately $291,000. Farther Finance Advisors LLC grew its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after buying an additional 9,668 shares in the last quarter. Arkadios Wealth Advisors raised its position in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock valued at $1,428,000 after buying an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $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.
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