Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sets New 52-Week High – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $44.71 and last traded at $44.7290, with a volume of 13639 shares traded. The stock had previously closed at $44.60.

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

The stock has a market capitalization of $633.89 million, a price-to-earnings ratio of 16.71 and a beta of 0.68. The stock’s 50 day simple moving average is $41.92 and its 200-day simple moving average is $41.12.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Thursday, February 5th were given a dividend of $0.0845 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $0.34 dividend on an annualized basis and a yield of 0.8%.

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

Hedge funds have recently modified their holdings of the business. Nvwm LLC boosted its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 4.3% in the 3rd quarter. Nvwm LLC now owns 15,704 shares of the company’s stock valued at $649,000 after purchasing an additional 652 shares during the period. Farther Finance Advisors LLC raised its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after buying an additional 9,668 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of 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 buying an additional 26,641 shares during the period.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

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.