Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Shares Up 0.4% – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s share price was up 0.4% during trading on Monday . The stock traded as high as $40.36 and last traded at $40.34. Approximately 27,509 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 71,179 shares. The stock had previously closed at $40.18.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Up 0.4%

The firm has a market capitalization of $586.95 million, a PE ratio of 16.71 and a beta of 0.68. The stock has a 50-day simple moving average of $40.43 and a 200-day simple moving average of $40.54.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 11th. Investors of record on Thursday, November 6th were issued a $0.3438 dividend. This is an increase from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.38 annualized dividend and a yield of 3.4%.

Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 4,010.2% in the third quarter. Farther Finance Advisors LLC now owns 10,892 shares of the company’s stock worth $450,000 after purchasing an additional 10,627 shares in the last quarter. Nvwm LLC bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the 2nd quarter worth approximately $600,000. Finally, Ameriprise Financial Inc. grew its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the 2nd 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 in the last quarter.

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.