Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 51,765 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 57,698 shares.The stock last traded at $44.77 and had previously closed at $44.99.
Franklin U.S. Low Volatility High Dividend Index ETF Stock Performance
The company has a 50 day moving average price of $44.06 and a 200 day moving average price of $43.30. The company has a market capitalization of $630.28 million, a price-to-earnings ratio of 16.71 and a beta of 0.58.
Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF
A number of hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter worth approximately $291,000. Farther Finance Advisors LLC grew its position in 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 purchasing an additional 9,668 shares during the period. Arkadios Wealth Advisors increased its stake in 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 purchasing an additional 20,981 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after purchasing 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.
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