Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Hits New 52-Week High – Still a Buy?

Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) reached a new 52-week high on Wednesday. The stock traded as high as $43.52 and last traded at $43.47, with a volume of 96,703 shares. The stock had previously closed at $42.88.

Franklin International Low Volatility High Dividend Index ETF Stock Performance

The firm’s 50 day simple moving average is $42.49 and its 200-day simple moving average is $41.22. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 13.83 and a beta of 0.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LVHI. Rathbones Group PLC grew its holdings in shares of Franklin International Low Volatility High Dividend Index ETF by 3.7% during the first quarter. Rathbones Group PLC now owns 14,381 shares of the company’s stock valued at $583,000 after buying an additional 514 shares in the last quarter. Torren Management LLC purchased a new stake in Franklin International Low Volatility High Dividend Index ETF in the 1st quarter worth about $33,000. Parallel Advisors LLC lifted its stake in Franklin International Low Volatility High Dividend Index ETF by 275.5% in the 1st quarter. Parallel Advisors LLC now owns 1,363 shares of the company’s stock worth $55,000 after acquiring an additional 1,000 shares in the last quarter. Center for Financial Planning Inc. acquired a new stake in Franklin International Low Volatility High Dividend Index ETF during the 3rd quarter worth about $58,000. Finally, Sunbelt Securities Inc. boosted its position in Franklin International Low Volatility High Dividend Index ETF by 39.5% during the 1st quarter. Sunbelt Securities Inc. now owns 14,725 shares of the company’s stock worth $597,000 after acquiring an additional 4,166 shares during the period.

About Franklin International Low Volatility High Dividend Index ETF

The Franklin International Low Volatility High Dividend Index ETF (LVHI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an all-cap index of developed ex-US stocks, selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHI was launched on Jul 27, 2016 and is managed by Franklin Templeton.