Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 12-Month High at $40.81

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 $40.81 and last traded at $40.75, with a volume of 25527 shares trading hands. The stock had previously closed at $40.72.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Up 0.0 %

The company has a market capitalization of $639.62 million, a price-to-earnings ratio of 16.41 and a beta of 0.76. The company has a 50-day moving average price of $39.31 and a 200-day moving average price of $37.22.

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. Stockholders of record on Thursday, August 8th were given a $0.377 dividend. This represents a $1.51 annualized dividend and a dividend yield of 3.70%. 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. Lynx Investment Advisory purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,680 shares of the company’s stock, valued at approximately $96,000.

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.