Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) to Issue Quarterly Dividend of $0.32 on May 12th

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) declared a quarterly dividend on Wednesday, May 6th, NASDAQ Dividends reports. Stockholders of record on Thursday, May 7th will be paid a dividend of 0.3228 per share on Tuesday, May 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, May 7th.

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

Shares of NASDAQ LVHD opened at $42.43 on Friday. The stock has a market capitalization of $604.63 million, a P/E ratio of 16.71 and a beta of 0.60. The company has a 50-day moving average price of $43.07 and a 200-day moving average price of $41.78. Franklin U.S. Low Volatility High Dividend Index ETF has a 1 year low of $38.76 and a 1 year high of $44.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter worth about $291,000. Farther Finance Advisors LLC boosted its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the fourth 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 last quarter. Finally, Ameriprise Financial Inc. boosted 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 worth $1,886,000 after purchasing an additional 26,641 shares during 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.