Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Volume Increase – Here’s Why

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw strong trading volume on Thursday . 111,111 shares changed hands during trading, an increase of 113% from the previous session’s volume of 52,186 shares.The stock last traded at $43.83 and had previously closed at $44.26.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 1.0%

The business has a 50-day moving average price of $42.17 and a two-hundred day moving average price of $41.19. The stock has a market capitalization of $622.24 million, a P/E ratio of 16.71 and a beta of 0.68.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Thursday, February 5th were given a dividend of $0.0845 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $0.34 annualized dividend and a yield of 0.8%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nvwm LLC acquired a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the 2nd quarter worth approximately $600,000. Ameriprise Financial Inc. lifted its stake in 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 worth $1,886,000 after purchasing an additional 26,641 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 4,010.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,892 shares of the company’s stock valued at $450,000 after purchasing an additional 10,627 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.