Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Strong Trading Volume – Here’s Why

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 64,774 shares were traded during trading, an increase of 15% from the previous session’s volume of 56,261 shares.The stock last traded at $44.0950 and had previously closed at $43.97.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.0%

The business’s fifty day moving average is $44.62 and its 200 day moving average is $43.63. The company has a market cap of $617.57 million, a P/E ratio of 16.71 and a beta of 0.57.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Thursday, August 6th were paid a $0.383 dividend. This represents a $1.53 dividend on an annualized basis and a 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

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its holdings 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 acquiring an additional 26,641 shares in the last quarter. Arkadios Wealth Advisors raised 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 worth $1,428,000 after purchasing an additional 20,981 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter worth about $291,000.

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

(Get Free Report)

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.

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