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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHDGet Free Report) shares saw unusually-strong trading volume on Thursday following a dividend announcement from the company. 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. Stockholders of record on Thursday, February 5th will be given a dividend of $0.0845 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.8%.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Up 0.6%

The firm has a market cap of $614.72 million, a PE ratio of 16.71 and a beta of 0.68. The business has a 50-day moving average price of $40.81 and a two-hundred day moving average price of $40.78.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 4,010.2% during the third quarter. Farther Finance Advisors LLC now owns 10,892 shares of the company’s stock worth $450,000 after buying an additional 10,627 shares in the last quarter. Nvwm LLC acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF during the 2nd quarter worth approximately $600,000. Finally, Ameriprise Financial Inc. grew its holdings 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 in the last quarter.

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

(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.

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