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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw unusually-high trading volume on Tuesday . Approximately 64,774 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 56,261 shares.The stock last traded at $44.0950 and had previously closed at $43.97.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.0%

The stock has a market capitalization of $617.57 million, a PE ratio of 16.71 and a beta of 0.57. The stock has a 50 day moving average price of $44.62 and a 200-day moving average price of $43.63.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Thursday, August 6th were paid a $0.383 dividend. This represents a $1.53 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, August 6th.

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

Several large investors have recently added to or reduced their stakes in LVHD. Ameriprise Financial Inc. lifted its stake 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 valued at $1,886,000 after buying an additional 26,641 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter valued at approximately $291,000. Finally, Arkadios Wealth Advisors increased its position 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 worth $1,428,000 after purchasing an additional 20,981 shares during 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.