Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 52-Week High at $40.77

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.77 and last traded at $40.77, with a volume of 19761 shares changing hands. The stock had previously closed at $40.69.

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

The firm’s 50 day simple moving average is $39.01 and its 200-day simple moving average is $37.06. The company has a market capitalization of $638.21 million, a price-to-earnings ratio of 16.41 and a beta of 0.76.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Thursday, August 8th were paid a $0.377 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 3.71%. 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 shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 929 shares of the company’s stock, valued at approximately $34,000.

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.