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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw an uptick in trading volume on Tuesday . 56,640 shares changed hands during mid-day trading, a decline of 2% from the previous session’s volume of 58,026 shares.The stock last traded at $45.46 and had previously closed at $44.63.

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

The stock has a 50-day moving average price of $43.23 and a 200-day moving average price of $42.67. The company has a market capitalization of $613.82 million, a P/E ratio of 16.71 and a beta of 0.58.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were given a dividend of $0.3228 per share. 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

A number of hedge funds and other institutional investors have recently modified their holdings of LVHD. Arkadios Wealth Advisors boosted its stake in shares of 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 purchasing an additional 20,981 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter valued at $291,000. Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 9,668 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in 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 valued at $1,886,000 after buying an additional 26,641 shares during the period.

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.