Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Volume Increase – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) shares saw unusually-high trading volume on Wednesday. 95,797 shares were traded during trading, an increase of 67% from the previous session’s volume of 57,459 shares. The stock last traded at $43.8390 and had previously closed at $43.98.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.2%

The firm has a market capitalization of $618.62 million, a price-to-earnings ratio of 16.71 and a beta of 0.57. The company has a fifty day moving average price of $43.26 and a 200-day moving average price of $43.46.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Thursday, August 6th were given a dividend of $0.3830 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.5%.

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

An institutional investor recently raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors boosted its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Free Report) by 166.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,564 shares of the company’s stock after buying an additional 20,981 shares during the period. Arkadios Wealth Advisors owned about 0.24% of Franklin U.S. Low Volatility High Dividend Index ETF worth $1,428,000 as of its most recent SEC filing.

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

(Get Free Report)

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.

Further Reading

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