Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Trading Down 0.1% – Time to Sell?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s share price fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $40.57 and last traded at $40.79. 71,747 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 62,992 shares. The stock had previously closed at $40.85.

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

The firm has a market capitalization of $536.39 million, a P/E ratio of 19.33 and a beta of 0.76. The stock’s 50 day simple moving average is $39.92 and its 200 day simple moving average is $39.87.

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

The company also recently disclosed a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, February 6th were paid a $0.0646 dividend. The ex-dividend date of this dividend was Thursday, February 6th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. purchased a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the fourth quarter valued at $998,000. JPMorgan Chase & Co. grew its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 60,573 shares of the company’s stock worth $2,467,000 after acquiring an additional 4,780 shares in the last quarter. Ameriprise Financial Inc. increased its position in Franklin U.S. Low Volatility High Dividend Index ETF by 5.7% during the 4th quarter. Ameriprise Financial Inc. now owns 21,608 shares of the company’s stock valued at $829,000 after purchasing an additional 1,165 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 11.4% in the 4th quarter. Arkadios Wealth Advisors now owns 10,471 shares of the company’s stock valued at $402,000 after purchasing an additional 1,073 shares in the last quarter.

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.