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

Posted by Amber O'Connor on Nov 27th, 2024

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $41.40 and last traded at $41.40, with a volume of 6422 shares changing hands. The stock had previously closed at $41.16.

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

The company has a market cap of $597.51 million, a P/E ratio of 16.41 and a beta of 0.76. The stock has a 50-day moving average of $40.39 and a two-hundred day moving average of $38.48.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, November 7th were paid a $0.3701 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.48 annualized dividend and a dividend yield of 3.58%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors increased its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Free Report) by 23.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,398 shares of the company’s stock after purchasing an additional 1,802 shares during the period. Arkadios Wealth Advisors owned approximately 0.07% of Franklin U.S. Low Volatility High Dividend Index ETF worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

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.