Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Stock Price Down 0.5% – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s stock price dropped 0.5% during mid-day trading on Tuesday . The company traded as low as $41.04 and last traded at $41.19. Approximately 52,227 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 48,161 shares. The stock had previously closed at $41.39.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.5%

The business has a 50-day moving average price of $40.36 and a 200 day moving average price of $40.64. The stock has a market capitalization of $586.96 million, a P/E ratio of 16.71 and a beta of 0.68.

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

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were given a $0.3537 dividend. This is an increase from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.34. This represents a $1.41 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, December 30th.

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

A number of institutional investors and hedge funds have recently modified their holdings of LVHD. Ameriprise Financial Inc. increased its position in shares of 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 valued at $1,886,000 after purchasing an additional 26,641 shares during the last quarter. Nvwm LLC increased its position in Franklin U.S. Low Volatility High Dividend Index ETF by 4.3% during the third quarter. Nvwm LLC now owns 15,704 shares of the company’s stock valued at $649,000 after acquiring an additional 652 shares during the last quarter. Finally, Farther Finance Advisors LLC raised 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 valued at $450,000 after acquiring an additional 10,627 shares during the period.

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.