Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Reaches New 52-Week High – Here’s What Happened

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $45.88 and last traded at $45.88, with a volume of 2585 shares changing hands. The stock had previously closed at $44.29.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.9%

The stock’s 50-day moving average is $43.41 and its 200-day moving average is $42.85. The firm has a market capitalization of $639.38 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 announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.3228 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, May 7th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Arkadios Wealth Advisors boosted its holdings 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 valued at $1,428,000 after acquiring an additional 20,981 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter worth about $291,000. Farther Finance Advisors LLC increased 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 purchasing an additional 9,668 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the second quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after purchasing an additional 26,641 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.