Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Volume Increase – Here’s What Happened

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw unusually-strong trading volume on Wednesday . 86,799 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 56,744 shares.The stock last traded at $44.24 and had previously closed at $44.00.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Up 0.6%

The firm has a market cap of $630.85 million, a price-to-earnings ratio of 16.71 and a beta of 0.58. The company’s 50-day moving average price is $42.99 and its 200-day moving average price is $42.49.

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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter valued at $291,000. Farther Finance Advisors LLC grew its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after purchasing an additional 9,668 shares during the period. Arkadios Wealth Advisors increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after purchasing an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after purchasing 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.