Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Reaches New 1-Year High – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $41.67 and last traded at $40.60, with a volume of 101 shares traded. The stock had previously closed at $40.71.

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

The stock has a fifty day moving average of $39.32 and a 200 day moving average of $39.83. The firm has a market capitalization of $520.87 million, a P/E ratio of 19.70 and a beta of 0.76.

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

The firm also recently declared a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, February 6th were issued a dividend of $0.0646 per share. The ex-dividend date was Thursday, February 6th.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

Hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors raised its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 11.4% in the fourth quarter. Arkadios Wealth Advisors now owns 10,471 shares of the company’s stock valued at $402,000 after buying an additional 1,073 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 5.7% in the fourth quarter. Ameriprise Financial Inc. now owns 21,608 shares of the company’s stock valued at $829,000 after buying an additional 1,165 shares during the period. Baird Financial Group Inc. bought a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the fourth quarter valued at $998,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 60,573 shares of the company’s stock valued at $2,467,000 after buying an additional 4,780 shares during the period.

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.