Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 12-Month High – Should You Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $45.88 and last traded at $45.88, with a volume of 2585 shares changing hands. The stock had previously closed at $44.29.

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

The stock has a market cap of $629.58 million, a PE ratio of 16.71 and a beta of 0.58. The firm’s 50-day moving average is $43.47 and its 200 day moving average is $42.87.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were paid a $0.3228 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.29 dividend on an annualized basis and a yield of 2.9%.

Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter worth about $291,000. Farther Finance Advisors LLC raised its stake in 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 last quarter. Arkadios Wealth Advisors raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock valued at $1,428,000 after acquiring an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after acquiring an additional 26,641 shares during the period.

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.