Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Volume Increase – Time to Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw an uptick in trading volume on Thursday . Approximately 43,498 shares were traded during trading, a decline of 22% from the previous session’s volume of 55,823 shares.The stock last traded at $44.15 and had previously closed at $44.53.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.8%

The firm has a 50-day simple moving average of $44.57 and a 200-day simple moving average of $43.61. The firm has a market cap of $620.59 million, a P/E ratio of 16.71 and a beta of 0.58.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Thursday, August 6th were paid a dividend of $0.383 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, August 6th.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in LVHD. Bank of New York Mellon Corp purchased a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter valued at about $291,000. Arkadios Wealth Advisors lifted its position 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 buying an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the second quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after buying 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.