Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Strong Trading Volume – Still a Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw strong trading volume on Wednesday . 86,799 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 56,744 shares.The stock last traded at $44.24 and had previously closed at $44.00.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.6%

The stock has a market cap of $630.85 million, a PE ratio of 16.71 and a beta of 0.58. The company has a fifty day moving average of $42.99 and a 200-day moving average of $42.49.

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

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

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

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter valued at approximately $291,000. Farther Finance Advisors LLC grew its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after acquiring an additional 9,668 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the 1st 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 during the last quarter. Finally, Ameriprise Financial Inc. increased 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 valued at $1,886,000 after purchasing 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.