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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw strong trading volume on Tuesday . Approximately 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 Up 1.1%

The company’s fifty day moving average is $43.15 and its 200 day moving average is $42.61. The stock has a market cap of $622.66 million, a PE ratio of 16.71 and a beta of 0.58.

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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter worth $291,000. Farther Finance Advisors LLC lifted its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the fourth 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 boosted 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 valued at $1,428,000 after purchasing an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the second 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.