Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) shares saw unusually-strong trading volume on Wednesday. 95,797 shares were traded during trading, an increase of 67% from the previous session’s volume of 57,459 shares. The stock last traded at $43.8390 and had previously closed at $43.98.
Franklin U.S. Low Volatility High Dividend Index ETF Price Performance
The firm has a market cap of $618.62 million, a P/E ratio of 16.71 and a beta of 0.57. The stock’s 50 day moving average is $43.26 and its two-hundred day moving average is $43.46.
Franklin U.S. Low Volatility High Dividend Index ETF Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Thursday, August 6th were given a dividend of $0.3830 per share. This represents a $1.53 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, August 6th.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF stock. Bank of New York Mellon Corp purchased a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,828 shares of the company’s stock, valued at approximately $291,000.
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.
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