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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw an uptick in trading volume on Wednesday . 48,279 shares changed hands during trading, a decline of 31% from the previous session’s volume of 70,235 shares.The stock last traded at $39.69 and had previously closed at $40.03.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.3 %

The stock has a fifty day moving average of $39.34 and a two-hundred day moving average of $39.82. The stock has a market capitalization of $519.43 million, a price-to-earnings ratio of 19.70 and a beta of 0.76.

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

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors grew its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 11.4% during the fourth quarter. Arkadios Wealth Advisors now owns 10,471 shares of the company’s stock valued at $402,000 after purchasing an additional 1,073 shares during the last quarter. Ameriprise Financial Inc. raised its position in Franklin U.S. Low Volatility High Dividend Index ETF by 5.7% in the 4th quarter. Ameriprise Financial Inc. now owns 21,608 shares of the company’s stock worth $829,000 after purchasing an additional 1,165 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF during the 4th quarter worth $998,000. Finally, JPMorgan Chase & Co. boosted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 8.6% in the 3rd 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 last quarter.

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.