Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sets New 12-Month High – Time to Buy?

Posted by Shelly Janes on Nov 29th, 2024

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $41.40 and last traded at $41.40, with a volume of 6422 shares trading hands. The stock had previously closed at $41.16.

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

The stock has a market capitalization of $595.89 million, a P/E ratio of 16.41 and a beta of 0.76. The stock has a 50-day simple moving average of $40.43 and a 200 day simple moving average of $38.51.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, November 7th were given a $0.3701 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.48 dividend on an annualized basis and a yield of 3.59%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors lifted its stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Free Report) by 23.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,398 shares of the company’s stock after purchasing an additional 1,802 shares during the period. Arkadios Wealth Advisors owned 0.07% of Franklin U.S. Low Volatility High Dividend Index ETF worth $383,000 at the end of the most recent quarter.

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.