Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sets New 12-Month High – Still a Buy?

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) reached a new 52-week high during trading on Thursday . The company traded as high as $44.79 and last traded at $44.79, with a volume of 8614 shares traded. The stock had previously closed at $44.21.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 1.3%

The company has a market cap of $638.40 million, a PE ratio of 16.71 and a beta of 0.58. The firm’s 50-day simple moving average is $43.01 and its two-hundred day simple moving average is $42.52.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.3228 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.9%.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position 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 worth $1,886,000 after acquiring an additional 26,641 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the first 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 during the period. Farther Finance Advisors LLC raised its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after purchasing an additional 9,668 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter worth about $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.