Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 52-Week High – Here’s What Happened

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $41.29 and last traded at $41.17, with a volume of 2592 shares. The stock had previously closed at $41.26.

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

The company has a fifty day moving average price of $39.99 and a two-hundred day moving average price of $37.66. The company has a market cap of $591.29 million, a P/E ratio of 16.41 and a beta of 0.76.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Thursday, August 8th were given a dividend of $0.377 per share. This represents a $1.51 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Thursday, August 8th.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

A hedge fund recently bought a new stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Lynx Investment Advisory purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,680 shares of the company’s stock, valued at approximately $96,000.

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.