Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Strong Trading Volume – Should You Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw unusually-strong trading volume on Tuesday . Approximately 78,338 shares were traded during trading, an increase of 36% from the previous session’s volume of 57,813 shares.The stock last traded at $44.45 and had previously closed at $44.76.

Franklin U.S. Low Volatility High Dividend Index ETF Price Performance

The company’s 50 day moving average is $43.52 and its two-hundred day moving average is $42.92. The firm has a market cap of $623.42 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 declared a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were issued a $0.3228 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.29 annualized dividend and a yield of 2.9%.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

A number of hedge funds have recently modified their holdings of LVHD. Ameriprise Financial Inc. increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the second 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 period. Farther Finance Advisors LLC lifted its position in 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 period. Bank of New York Mellon Corp acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter worth $291,000. Finally, Arkadios Wealth Advisors boosted its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the first quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after buying an additional 20,981 shares in the last quarter.

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.