Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Shares Down 0.5% – Here’s What Happened

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) dropped 0.5% during trading on Thursday . The company traded as low as $42.77 and last traded at $42.80. Approximately 27,537 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 54,868 shares. The stock had previously closed at $43.02.

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

The stock has a 50-day moving average of $42.72 and a 200 day moving average of $42.00. The stock has a market capitalization of $604.49 million, a price-to-earnings ratio of 16.71 and a beta of 0.60.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were given a $0.3228 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, May 7th.

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

Several institutional investors have recently modified their holdings of LVHD. Ameriprise Financial Inc. grew its position in shares of 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 buying an additional 26,641 shares during the period. Farther Finance Advisors LLC grew its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during 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 during the period. Bank of New York Mellon Corp acquired a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter worth about $291,000. Finally, Arkadios Wealth Advisors grew its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the 1st 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 during the period.

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.