Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Trading Up 0.1% – Here’s What Happened

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s stock price rose 0.1% during trading on Thursday . The stock traded as high as $42.73 and last traded at $42.46. Approximately 16,584 shares were traded during trading, a decline of 66% from the average daily volume of 48,301 shares. The stock had previously closed at $42.43.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.1%

The firm has a market cap of $602.93 million, a P/E ratio of 16.71 and a beta of 0.68. The stock’s fifty day moving average is $43.01 and its two-hundred day moving average is $41.40.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Thursday, February 5th were given a dividend of $0.0845 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, February 5th.

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 the business. Farther Finance Advisors LLC boosted its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after buying an additional 9,668 shares during the period. Nvwm LLC increased its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 4.3% in the 3rd quarter. Nvwm LLC now owns 15,704 shares of the company’s stock worth $649,000 after acquiring an additional 652 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of 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 valued at $1,886,000 after acquiring an additional 26,641 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.