Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 1-Year High – Here’s What Happened

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s share price reached a new 52-week high during trading on Wednesday . The company 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 Up 1.0%

The company has a market cap of $621.97 million, a price-to-earnings ratio of 16.71 and a beta of 0.58. The business has a fifty day moving average price of $43.19 and a two-hundred day moving average price of $42.65.

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

The company also recently declared 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. This represents a $1.29 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, May 7th.

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

A number of large investors have recently bought and sold shares of LVHD. Ameriprise Financial Inc. increased its position in 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 worth $1,886,000 after buying an additional 26,641 shares during the period. Arkadios Wealth Advisors increased its stake 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 acquiring an additional 20,981 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of 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 worth $820,000 after buying an additional 9,668 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter worth $291,000.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

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.