Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sets New 12-Month High – Time to Buy?

Posted by Charles Blunt on Nov 29th, 2024

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

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.2 %

The company’s fifty day moving average is $40.43 and its 200 day moving average is $38.51. The company has a market capitalization of $595.89 million, a P/E ratio of 16.41 and a beta of 0.76.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, November 7th were issued a $0.3701 dividend. This represents a $1.48 annualized dividend and a yield of 3.59%. The ex-dividend date was Thursday, November 7th.

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 raised its position in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Free Report) by 23.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,398 shares of the company’s stock after purchasing an additional 1,802 shares during the period. Arkadios Wealth Advisors owned 0.07% of Franklin U.S. Low Volatility High Dividend Index ETF worth $383,000 at the end of the most recent reporting period.

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

(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.