Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Reaches New 12-Month High – Still a Buy?

Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.74 and last traded at $41.55, with a volume of 100880 shares. The stock had previously closed at $41.50.

Franklin International Low Volatility High Dividend Index ETF Stock Performance

The firm’s fifty day simple moving average is $40.64 and its 200 day simple moving average is $38.91. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 11.36 and a beta of 0.45.

Institutional Investors Weigh In On Franklin International Low Volatility High Dividend Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors lifted its position in Franklin International Low Volatility High Dividend Index ETF by 74.0% in the 1st quarter. Arkadios Wealth Advisors now owns 52,179 shares of the company’s stock valued at $2,115,000 after acquiring an additional 22,187 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Franklin International Low Volatility High Dividend Index ETF by 39.5% during the 1st quarter. Sunbelt Securities Inc. now owns 14,725 shares of the company’s stock worth $597,000 after purchasing an additional 4,166 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Franklin International Low Volatility High Dividend Index ETF by 275.5% in the 1st quarter. Parallel Advisors LLC now owns 1,363 shares of the company’s stock valued at $55,000 after purchasing an additional 1,000 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Franklin International Low Volatility High Dividend Index ETF in the 1st quarter valued at about $267,000. Finally, Ethos Financial Group LLC lifted its holdings in shares of Franklin International Low Volatility High Dividend Index ETF by 27.2% in the first quarter. Ethos Financial Group LLC now owns 171,465 shares of the company’s stock valued at $6,951,000 after purchasing an additional 36,685 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.