Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Reaches New 1-Year High – Still a Buy?

Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.74 and last traded at $41.73, with a volume of 38459 shares traded. The stock had previously closed at $41.52.

Franklin International Low Volatility High Dividend Index ETF Price Performance

The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 11.36 and a beta of 0.45. The firm’s fifty day moving average is $40.94 and its 200-day moving average is $40.07.

Hedge Funds Weigh In On Franklin International Low Volatility High Dividend Index ETF

Several large investors have recently added to or reduced their stakes in LVHI. Ameriprise Financial Inc. increased its stake in Franklin International Low Volatility High Dividend Index ETF by 4.5% during the third quarter. Ameriprise Financial Inc. now owns 1,690,259 shares of the company’s stock valued at $58,740,000 after purchasing an additional 73,179 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Franklin International Low Volatility High Dividend Index ETF by 64.2% in the first quarter. Janney Montgomery Scott LLC now owns 437,681 shares of the company’s stock worth $17,744,000 after purchasing an additional 171,132 shares during the period. Cedar Mountain Advisors LLC grew its position in Franklin International Low Volatility High Dividend Index ETF by 0.3% in the 4th quarter. Cedar Mountain Advisors LLC now owns 337,224 shares of the company’s stock valued at $12,417,000 after buying an additional 1,062 shares in the last quarter. Ethos Financial Group LLC increased its stake in Franklin International Low Volatility High Dividend Index ETF by 27.2% during the 1st quarter. Ethos Financial Group LLC now owns 171,465 shares of the company’s stock valued at $6,951,000 after buying an additional 36,685 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Franklin International Low Volatility High Dividend Index ETF by 268.5% during the 4th quarter. JPMorgan Chase & Co. now owns 138,576 shares of the company’s stock worth $5,102,000 after buying an additional 100,974 shares in the last quarter.

Franklin International Low Volatility High Dividend Index ETF Company Profile

The Franklin International Low Volatility High Dividend Index ETF (LVHI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an all-cap index of developed ex-US stocks, selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHI was launched on Jul 27, 2016 and is managed by Franklin Templeton.