Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sets New 1-Year High – Here’s Why

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) hit a new 52-week high during trading on Tuesday . The stock traded as high as $46.29 and last traded at $46.29, with a volume of 3048 shares traded. The stock had previously closed at $45.38.

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

The stock’s 50 day simple moving average is $43.91 and its two-hundred day simple moving average is $43.18. The stock has a market capitalization of $639.94 million, a PE ratio of 16.71 and a beta of 0.58.

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

The company 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 was Thursday, May 7th. This represents a $1.29 annualized dividend and a yield of 2.8%.

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

Large investors have recently bought and sold shares of the company. Arkadios Wealth Advisors raised its stake in shares of 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 buying an additional 20,981 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter worth $291,000. Farther Finance Advisors LLC grew its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after acquiring an additional 9,668 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings 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 worth $1,886,000 after acquiring an additional 26,641 shares during 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.