Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Volume Increase Following Dividend Announcement

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw unusually-high trading volume on Thursday after the company announced a dividend. Approximately 606,797 shares were traded during mid-day trading, an increase of 1,087% from the previous session’s volume of 51,104 shares.The stock last traded at $42.35 and had previously closed at $42.99.

The newly announced dividend which will be paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.3228 per share. The ex-dividend date of this dividend is Thursday, May 7th.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 1.5%

The stock has a market cap of $603.49 million, a P/E ratio of 16.71 and a beta of 0.60. The business’s 50 day simple moving average is $43.10 and its two-hundred day simple moving average is $41.77.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter valued at approximately $291,000. Farther Finance Advisors LLC boosted its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after buying an additional 9,668 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after acquiring an additional 26,641 shares during the last quarter.

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.