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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw unusually-strong trading volume on Thursday after the company announced a dividend. Approximately 100,385 shares traded hands during trading, an increase of 77% from the previous session’s volume of 56,798 shares.The stock last traded at $43.1190 and had previously closed at $42.91.

The newly announced dividend which will be paid on Tuesday, February 10th. Shareholders of record on Thursday, February 5th will be issued a $0.0845 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.34 dividend on an annualized basis and a yield of 0.8%.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.3%

The stock’s 50-day simple moving average is $40.76 and its 200-day simple moving average is $40.76. The stock has a market cap of $611.31 million, a price-to-earnings ratio of 16.71 and a beta of 0.68.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

A number of hedge funds have recently added to or reduced their stakes in LVHD. Farther Finance Advisors LLC lifted its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after acquiring an additional 9,668 shares during the period. Nvwm LLC raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 4.3% in the third quarter. Nvwm LLC now owns 15,704 shares of the company’s stock valued at $649,000 after purchasing an additional 652 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake 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 valued at $1,886,000 after purchasing an additional 26,641 shares in the last quarter.

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.