Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Strong Trading Volume – What’s Next?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw strong trading volume on Thursday . 43,498 shares changed hands during trading, a decline of 22% from the previous session’s volume of 55,823 shares.The stock last traded at $44.15 and had previously closed at $44.53.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.8%

The company has a 50-day simple moving average of $44.57 and a 200 day simple moving average of $43.61. The company has a market cap of $620.59 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 disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Thursday, August 6th were issued a $0.383 dividend. This represents a $1.53 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, August 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter valued at about $291,000. Arkadios Wealth Advisors boosted its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the first 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings 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 valued at $1,886,000 after buying an additional 26,641 shares during the period.

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.