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 reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.67 and last traded at $40.60, with a volume of 101 shares. The stock had previously closed at $40.71.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 1.0 %

The company has a 50-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 PE 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 announced 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 of this dividend was Thursday, February 6th.

Hedge Funds 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 LVHD. JPMorgan Chase & Co. boosted its holdings in shares of 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 worth $2,467,000 after purchasing an additional 4,780 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the 4th quarter worth about $998,000. Ameriprise Financial Inc. boosted its holdings in shares of 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 in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 11.4% in the 4th quarter. Arkadios Wealth Advisors now owns 10,471 shares of the company’s stock worth $402,000 after purchasing an additional 1,073 shares in 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.