Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Trading Up 0.4% – Still a Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s stock price shot up 0.4% during mid-day trading on Monday . The stock traded as high as $40.36 and last traded at $40.34. 27,509 shares changed hands during trading, a decline of 61% from the average session volume of 71,179 shares. The stock had previously closed at $40.18.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Up 0.4%

The stock has a market capitalization of $586.95 million, a P/E ratio of 16.71 and a beta of 0.68. The company has a 50-day moving average price of $40.43 and a two-hundred day moving average price of $40.54.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 11th. Investors of record on Thursday, November 6th were issued a dividend of $0.3438 per share. This is a boost from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.38 dividend on an annualized basis and a yield of 3.4%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LVHD. Nvwm LLC increased its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 4.3% in the third quarter. Nvwm LLC now owns 15,704 shares of the company’s stock worth $649,000 after purchasing an additional 652 shares during the period. Farther Finance Advisors LLC grew its position in Franklin U.S. Low Volatility High Dividend Index ETF by 4,010.2% during the third quarter. Farther Finance Advisors LLC now owns 10,892 shares of the company’s stock worth $450,000 after buying an additional 10,627 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in 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 during 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.