Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sets New 1-Year High – Time to Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.62 and last traded at $41.4560, with a volume of 23201 shares traded. The stock had previously closed at $41.34.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.6%

The company has a 50 day moving average of $40.52 and a 200 day moving average of $40.68. The firm has a market cap of $593.31 million, a price-to-earnings ratio of 16.71 and a beta of 0.68.

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

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were paid a $0.3537 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $1.41 annualized dividend and a dividend yield of 3.4%. This is a boost from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.34.

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

Institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during 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. Farther Finance Advisors LLC raised its stake 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 acquiring an additional 9,668 shares during the last quarter. Finally, Nvwm LLC boosted its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 4.3% in the 3rd quarter. Nvwm LLC now owns 15,704 shares of the company’s stock worth $649,000 after acquiring an additional 652 shares in the last quarter.

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

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.