Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Shares Up 20.5% – Here’s What Happened

Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) was up 20.5% during mid-day trading on Friday . The stock traded as high as $30.81 and last traded at $36.8610. Approximately 595,687 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 493,054 shares. The stock had previously closed at $30.59.

Franklin International Low Volatility High Dividend Index ETF Stock Performance

The firm has a market cap of $3.13 billion, a P/E ratio of 11.36 and a beta of 0.45. The firm has a fifty day moving average of $35.57 and a 200-day moving average of $34.23.

Hedge Funds Weigh In On Franklin International Low Volatility High Dividend Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of Franklin International Low Volatility High Dividend Index ETF by 50.6% during the second quarter. Ameriprise Financial Inc. now owns 1,617,080 shares of the company’s stock worth $52,639,000 after acquiring an additional 543,539 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Franklin International Low Volatility High Dividend Index ETF by 154.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 303,245 shares of the company’s stock valued at $9,871,000 after purchasing an additional 184,206 shares during the last quarter. Titleist Asset Management LLC boosted its stake in Franklin International Low Volatility High Dividend Index ETF by 453.8% during the 1st quarter. Titleist Asset Management LLC now owns 193,644 shares of the company’s stock valued at $6,268,000 after purchasing an additional 158,675 shares during the period. Flow Traders U.S. LLC acquired a new position in Franklin International Low Volatility High Dividend Index ETF during the 2nd quarter valued at about $4,159,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Franklin International Low Volatility High Dividend Index ETF by 2,200.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 61,994 shares of the company’s stock worth $2,018,000 after purchasing an additional 59,299 shares during the last quarter.

Franklin International Low Volatility High Dividend Index ETF Company Profile

The Franklin International Low Volatility High Dividend Index ETF (LVHI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an all-cap index of developed ex-US stocks, selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility.