Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 12-Month High – Time to Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) hit a new 52-week high on Thursday . The company traded as high as $44.79 and last traded at $44.79, with a volume of 8614 shares traded. The stock had previously closed at $44.21.

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

The firm has a 50 day simple moving average of $43.12 and a 200-day simple moving average of $42.57. The company has a market cap of $620.40 million, a PE ratio of 16.71 and a beta of 0.58.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were given a dividend of $0.3228 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.29 dividend on an annualized basis and a yield of 2.9%.

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

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter worth $291,000. Farther Finance Advisors LLC grew its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after acquiring an additional 9,668 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of 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 acquiring an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings 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 acquiring 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.