Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sets New 12-Month High – Here’s What Happened

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.81 and last traded at $40.75, with a volume of 25527 shares. The stock had previously closed at $40.72.

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

The firm has a market cap of $586.24 million, a PE ratio of 16.41 and a beta of 0.76. The stock has a 50-day moving average price of $39.44 and a 200 day moving average price of $37.28.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Thursday, August 8th were issued a $0.377 dividend. This represents a $1.51 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, August 8th.

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

An institutional investor recently bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF stock. Vima LLC purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 929 shares of the company’s stock, valued at approximately $34,000.

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.