Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Stock Price Down 0.2% – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report)’s share price fell 0.2% on Tuesday. The stock traded as low as $41.56 and last traded at $41.72. 27,857 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 58,605 shares. The stock had previously closed at $41.82.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 0.1%

The business’s fifty day moving average is $43.96 and its 200 day moving average is $43.48. The firm has a market capitalization of $589.24 million, a price-to-earnings ratio of 16.71 and a beta of 0.57.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.3830 per share. This represents a $1.53 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, August 6th.

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

An institutional investor recently raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors lifted its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Free Report) by 166.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,564 shares of the company’s stock after buying an additional 20,981 shares during the period. Arkadios Wealth Advisors owned about 0.24% of Franklin U.S. Low Volatility High Dividend Index ETF worth $1,428,000 at the end of the most recent quarter.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

(Get Free Report)

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.

Further Reading

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