Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) to Issue Quarterly Dividend of $0.35 on January 5th

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) announced a quarterly dividend on Monday, December 29th. Investors of record on Tuesday, December 30th will be paid a dividend of 0.3537 per share on Monday, January 5th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 30th. This is a 2.9% increase from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.34.

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

LVHD stock opened at $40.12 on Wednesday. The stock has a market cap of $583.75 million, a price-to-earnings ratio of 16.71 and a beta of 0.68. The company has a 50 day simple moving average of $40.32 and a 200 day simple moving average of $40.56. Franklin U.S. Low Volatility High Dividend Index ETF has a 1 year low of $36.67 and a 1 year high of $41.60.

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

Several hedge funds have recently modified their holdings of LVHD. Farther Finance Advisors LLC increased its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 4,010.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,892 shares of the company’s stock worth $450,000 after purchasing an additional 10,627 shares in the last quarter. Nvwm LLC bought a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the second quarter worth about $600,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the second quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after buying an additional 26,641 shares during the period.

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.