Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Hits New 52-Week High – Still a Buy?

Shares of Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) reached a new 52-week high during trading on Wednesday. The stock traded as high as $43.52 and last traded at $43.47, with a volume of 96,703 shares trading hands. The stock had previously closed at $42.88.

Franklin International Low Volatility High Dividend Index ETF Stock Up 1.7%

The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 13.83 and a beta of 0.36. The company’s 50-day simple moving average is $42.49 and its 200-day simple moving average is $41.22.

Hedge Funds Weigh In On Franklin International Low Volatility High Dividend Index ETF

Institutional investors have recently bought and sold shares of the stock. Center for Financial Planning Inc. purchased a new stake in Franklin International Low Volatility High Dividend Index ETF during the third quarter valued at about $58,000. Planning Strategies Inc. increased its position in shares of Franklin International Low Volatility High Dividend Index ETF by 9.1% in the third quarter. Planning Strategies Inc. now owns 429,932 shares of the company’s stock worth $17,932,000 after acquiring an additional 35,814 shares in the last quarter. Compass Financial Management LLC purchased a new position in shares of Franklin International Low Volatility High Dividend Index ETF in the second quarter worth approximately $986,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Franklin International Low Volatility High Dividend Index ETF by 20.2% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 41,331 shares of the company’s stock valued at $1,677,000 after acquiring an additional 6,942 shares during the period. Finally, Rathbones Group PLC raised its holdings in shares of Franklin International Low Volatility High Dividend Index ETF by 3.7% during the first quarter. Rathbones Group PLC now owns 14,381 shares of the company’s stock valued at $583,000 after acquiring an additional 514 shares during the period.

About Franklin International Low Volatility High Dividend Index ETF

The Franklin International Low Volatility High Dividend Index ETF (LVHI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an all-cap index of developed ex-US stocks, selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHI was launched on Jul 27, 2016 and is managed by Franklin Templeton.