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

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) reached a new 52-week high on Tuesday . The stock traded as high as $43.49 and last traded at $43.3910, with a volume of 7944 shares traded. The stock had previously closed at $43.31.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Performance

The stock has a market cap of $618.40 million, a price-to-earnings ratio of 16.71 and a beta of 0.68. The business has a 50-day simple moving average of $40.86 and a two-hundred day simple moving average of $40.79.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Thursday, February 5th will be given a $0.0845 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.8%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in LVHD. Farther Finance Advisors LLC increased its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 4,010.2% during the third quarter. Farther Finance Advisors LLC now owns 10,892 shares of the company’s stock worth $450,000 after buying an additional 10,627 shares during the last quarter. Nvwm LLC bought a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the 2nd quarter valued at about $600,000. Finally, Ameriprise Financial Inc. increased its stake 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 worth $1,886,000 after purchasing an additional 26,641 shares during 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.