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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw unusually-high trading volume on Wednesday after the company announced a dividend. Approximately 51,765 shares changed hands during mid-day trading, a decline of 10% from the previous session’s volume of 57,698 shares.The stock last traded at $44.77 and had previously closed at $44.99.

The newly announced dividend which will be paid on Tuesday, August 11th. Investors of record on Thursday, August 6th will be given a dividend of $0.383 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.53 annualized dividend and a dividend yield of 3.4%.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.4%

The firm has a fifty day moving average of $44.12 and a 200 day moving average of $43.34. The company has a market capitalization of $625.23 million, a P/E ratio of 16.71 and a beta of 0.58.

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

A number of large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the second quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after purchasing an additional 26,641 shares during the last quarter. Arkadios Wealth Advisors grew its position in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after purchasing an additional 20,981 shares during the period. Farther Finance Advisors LLC raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after buying an additional 9,668 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter valued at $291,000.

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. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.