Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Stock Price Down 0.5% – Should You Sell?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s stock price dropped 0.5% during mid-day trading on Thursday . The stock traded as low as $42.77 and last traded at $42.80. Approximately 27,537 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 54,868 shares. The stock had previously closed at $43.02.

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

The firm’s 50-day moving average price is $42.72 and its two-hundred day moving average price is $42.00. The stock has a market cap of $609.90 million, a PE ratio of 16.71 and a beta of 0.60.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were paid a $0.3228 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.29 dividend on an annualized basis and a yield of 3.0%.

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

A number of large investors have recently bought and sold shares of LVHD. Ameriprise Financial Inc. raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the second quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after buying an additional 26,641 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after buying an additional 9,668 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter valued at approximately $291,000. Finally, Arkadios Wealth Advisors boosted its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the first quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock valued at $1,428,000 after acquiring an additional 20,981 shares in the last quarter.

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

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.