Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Declares Dividend of $0.38

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) announced a dividend on Wednesday, August 5th, NASDAQ Dividends reports. Investors of record on Thursday, August 6th will be paid a dividend of 0.383 per share on Tuesday, August 11th. The ex-dividend date of this dividend is Thursday, August 6th.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.2%

Shares of Franklin U.S. Low Volatility High Dividend Index ETF stock opened at $44.88 on Thursday. The company’s fifty day simple moving average is $44.09 and its two-hundred day simple moving average is $43.32. The company has a market cap of $630.56 million, a P/E ratio of 16.71 and a beta of 0.58. Franklin U.S. Low Volatility High Dividend Index ETF has a 12-month low of $39.46 and a 12-month high of $46.49.

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

A number of institutional investors have recently bought and sold shares of LVHD. Ameriprise Financial Inc. increased its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after acquiring an additional 26,641 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in 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 in the last quarter. Farther Finance Advisors LLC boosted its stake in 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 in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter worth about $291,000.

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.