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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw unusually-strong trading volume on Wednesday . 86,799 shares traded hands during trading, an increase of 53% from the previous session’s volume of 56,744 shares.The stock last traded at $44.24 and had previously closed at $44.00.

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

The business’s 50 day moving average is $43.06 and its 200-day moving average is $42.55. The stock has a market cap of $620.40 million, a price-to-earnings ratio of 16.71 and a beta of 0.58.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.3228 per share. This represents a $1.29 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, May 7th.

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

Several institutional investors have recently modified their holdings of the stock. Arkadios Wealth Advisors raised 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 purchasing an additional 20,981 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter worth about $291,000. Farther Finance Advisors LLC boosted its holdings in 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 during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in 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 in 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.