Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Unusually-High Trading Volume – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw an uptick in trading volume on Thursday . Approximately 43,498 shares traded hands during trading, a decline of 22% from the previous session’s volume of 55,823 shares.The stock last traded at $44.15 and had previously closed at $44.53.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.2%

The company has a market capitalization of $620.87 million, a price-to-earnings ratio of 16.71 and a beta of 0.58. The stock has a 50-day simple moving average of $44.62 and a 200-day simple moving average of $43.62.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.383 per share. This represents a $1.53 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Thursday, August 6th.

Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of LVHD. Arkadios Wealth Advisors raised its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in 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. Bank of New York Mellon Corp acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter worth about $291,000. Finally, Ameriprise Financial Inc. increased its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in 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 during 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.