234,288 Shares in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 234,288 shares of the company’s stock, valued at approximately $8,591,000. Bank of New York Mellon Corp owned approximately 0.81% of Franklin U.S. Low Volatility High Dividend Index ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the 4th quarter worth approximately $131,000. Geneos Wealth Management Inc. raised its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 75.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,970 shares of the company’s stock worth $276,000 after purchasing an additional 2,990 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the fourth quarter worth approximately $415,000. Citigroup Inc. increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 30.9% in the first quarter. Citigroup Inc. now owns 25,297 shares of the company’s stock worth $1,004,000 after acquiring an additional 5,976 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 23.4% in the first quarter. Raymond James & Associates now owns 64,622 shares of the company’s stock worth $2,565,000 after acquiring an additional 12,269 shares in the last quarter.

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

Franklin U.S. Low Volatility High Dividend Index ETF stock opened at $34.39 on Friday. The firm’s 50 day simple moving average is $33.94 and its 200-day simple moving average is $35.59. The company has a market cap of $856.31 million, a P/E ratio of 14.18 and a beta of 0.76. Franklin U.S. Low Volatility High Dividend Index ETF has a fifty-two week low of $32.58 and a fifty-two week high of $39.72.

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

The company also recently announced a dividend, which was paid on Tuesday, November 7th. Stockholders of record on Friday, November 3rd were given a $0.3854 dividend. This is an increase from Franklin U.S. Low Volatility High Dividend Index ETF’s previous dividend of $0.36. The ex-dividend date of this dividend was Thursday, November 2nd.

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