Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Reaches New 1-Year High – Still a Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $42.09 and last traded at $42.0750, with a volume of 104994 shares traded. The stock had previously closed at $41.65.

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

The stock’s 50 day simple moving average is $40.59 and its two-hundred day simple moving average is $40.71. The company has a market capitalization of $602.37 million, a P/E ratio of 16.71 and a beta of 0.68.

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

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were paid a $0.3537 dividend. This is an increase from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.41 annualized dividend and a dividend yield of 3.4%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nvwm LLC raised its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 4.3% in the 3rd quarter. Nvwm LLC now owns 15,704 shares of the company’s stock valued at $649,000 after acquiring an additional 652 shares during the period. Farther Finance Advisors LLC increased its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after purchasing an additional 9,668 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in 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 worth $1,886,000 after purchasing an additional 26,641 shares during the period.

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