Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 1-Year High – What’s Next?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $45.63 and last traded at $45.07, with a volume of 281876 shares changing hands. The stock had previously closed at $44.63.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 1.0%

The firm has a fifty day simple moving average of $43.19 and a 200-day simple moving average of $42.65. The stock has a market cap of $621.97 million, a price-to-earnings ratio of 16.71 and a beta of 0.58.

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 issued 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 Trading of Franklin U.S. Low Volatility High Dividend Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of LVHD. Bank of New York Mellon Corp acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter worth $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 fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after buying an additional 9,668 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in 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 during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in 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 buying an additional 26,641 shares in 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.