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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw unusually-high trading volume on Tuesday . Approximately 63,221 shares were traded during trading, a decline of 30% from the previous session’s volume of 90,475 shares.The stock last traded at $39.16 and had previously closed at $39.46.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 1.6 %

The firm has a 50 day simple moving average of $39.30 and a 200-day simple moving average of $39.46. The stock has a market cap of $518.51 million, a P/E ratio of 16.41 and a beta of 0.76.

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

The firm also recently declared a dividend, which was paid on Monday, January 6th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.3456 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

An institutional investor recently raised its position in Franklin U.S. Low Volatility High Dividend Index ETF stock. JPMorgan Chase & Co. boosted its stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) by 8.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 60,573 shares of the company’s stock after buying an additional 4,780 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Franklin U.S. Low Volatility High Dividend Index ETF worth $2,467,000 as of its most recent filing with the SEC.

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.