Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Strong Trading Volume

Posted by Doug Madison on Apr 24th, 2024

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) saw unusually-high trading volume on Monday . Approximately 364,500 shares traded hands during mid-day trading, an increase of 139% from the previous session’s volume of 152,689 shares.The stock last traded at $35.89 and had previously closed at $35.75.

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

The company has a market cap of $634.96 million, a price-to-earnings ratio of 15.93 and a beta of 0.76. The company has a 50-day simple moving average of $35.72 and a 200-day simple moving average of $35.27.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Friday, February 9th were given a $0.1379 dividend. This represents a $0.55 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, February 8th.

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

Several institutional investors have recently made changes to their positions in LVHD. Arden Trust Co boosted its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 2.0% during the fourth quarter. Arden Trust Co now owns 112,940 shares of the company’s stock worth $4,105,000 after buying an additional 2,246 shares in the last quarter. S. R. Schill & Associates acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF during the fourth quarter worth $205,000. Finally, Vima LLC acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the fourth quarter valued at $34,000.

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.