Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 12-Month High – Here’s Why

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

Franklin U.S. Low Volatility High Dividend Index ETF Stock Up 1.8%

The stock has a fifty day moving average of $43.79 and a two-hundred day moving average of $43.10. The stock has a market cap of $646.66 million, a price-to-earnings 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. Stockholders of record on Thursday, May 7th were paid a $0.3228 dividend. This represents a $1.29 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, May 7th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the second quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after buying an additional 26,641 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after acquiring an additional 9,668 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter valued at $291,000. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the 1st 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.

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.