Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Unusually-High Trading Volume – Should You Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw unusually-strong trading volume on Tuesday . 56,640 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 58,026 shares.The stock last traded at $45.46 and had previously closed at $44.63.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Performance

The stock has a market capitalization of $622.66 million, a price-to-earnings ratio of 16.71 and a beta of 0.58. The business’s 50 day simple moving average is $43.15 and its 200-day simple moving average is $42.61.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were issued a $0.3228 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, May 7th.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds have recently added to or reduced their stakes in LVHD. Ameriprise Financial Inc. boosted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during 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 during the period. Arkadios Wealth Advisors raised its stake in shares of 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 valued at $1,428,000 after purchasing an additional 20,981 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of 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 valued at $820,000 after purchasing an additional 9,668 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired 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.