Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Sets New 52-Week High – Here’s Why

Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.74 and last traded at $41.73, with a volume of 38459 shares trading hands. The stock had previously closed at $41.52.

Franklin International Low Volatility High Dividend Index ETF Price Performance

The firm has a market capitalization of $3.55 billion, a P/E ratio of 11.36 and a beta of 0.45. The stock’s fifty day simple moving average is $40.92 and its 200 day simple moving average is $40.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Franklin International Low Volatility High Dividend Index ETF by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,690,259 shares of the company’s stock worth $58,740,000 after acquiring an additional 73,179 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Franklin International Low Volatility High Dividend Index ETF by 64.2% in the first quarter. Janney Montgomery Scott LLC now owns 437,681 shares of the company’s stock valued at $17,744,000 after acquiring an additional 171,132 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in Franklin International Low Volatility High Dividend Index ETF by 0.3% in the fourth quarter. Cedar Mountain Advisors LLC now owns 337,224 shares of the company’s stock valued at $12,417,000 after acquiring an additional 1,062 shares in the last quarter. Ethos Financial Group LLC boosted its stake in Franklin International Low Volatility High Dividend Index ETF by 27.2% in the first quarter. Ethos Financial Group LLC now owns 171,465 shares of the company’s stock valued at $6,951,000 after acquiring an additional 36,685 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Franklin International Low Volatility High Dividend Index ETF by 268.5% in the fourth quarter. JPMorgan Chase & Co. now owns 138,576 shares of the company’s stock worth $5,102,000 after purchasing an additional 100,974 shares during the last quarter.

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.