Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Reaches New 12-Month High – Time to Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) reached a new 52-week high on Wednesday . The stock traded as high as $45.63 and last traded at $45.07, with a volume of 281876 shares. The stock had previously closed at $44.63.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.6%

The business’s fifty day simple moving average is $43.25 and its 200 day simple moving average is $42.70. The stock has a market cap of $614.52 million, a P/E 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 announced 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 2.9%. The ex-dividend date of this dividend was Thursday, May 7th.

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

Several hedge funds have recently added to or reduced their stakes in LVHD. Ameriprise Financial Inc. boosted its stake 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 purchasing an additional 26,641 shares during 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% during the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after buying an additional 9,668 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter valued at approximately $291,000. Finally, Arkadios Wealth Advisors lifted its holdings in 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 buying an additional 20,981 shares during the period.

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.