Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Unusually-High Trading Volume – What’s Next?

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw unusually-strong trading volume on Tuesday . Approximately 78,338 shares changed hands during trading, an increase of 36% from the previous session’s volume of 57,813 shares.The stock last traded at $44.45 and had previously closed at $44.76.

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

The firm has a market capitalization of $628.46 million, a PE ratio of 16.71 and a beta of 0.58. The stock has a fifty day moving average price of $43.62 and a 200-day moving average price of $42.99.

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

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

Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several institutional investors have recently bought and sold shares of LVHD. Arkadios Wealth Advisors grew its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the first quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after purchasing an additional 20,981 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter valued at $291,000. Farther Finance Advisors LLC boosted its position in shares of 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. boosted its position 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 purchasing an additional 26,641 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.