Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Volume Increase – Here’s Why

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw strong trading volume on Tuesday . 174,128 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 58,243 shares.The stock last traded at $38.03 and had previously closed at $37.93.

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

The firm has a market cap of $525.98 million, a price-to-earnings ratio of 16.41 and a beta of 0.76. The company’s 50 day simple moving average is $39.76 and its 200 day simple moving average is $39.17.

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

The business also recently declared a dividend, which was paid on Monday, January 6th. Shareholders of record on Tuesday, December 31st were given a $0.3456 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors boosted its holdings in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) by 23.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,398 shares of the company’s stock after buying an additional 1,802 shares during the quarter. Arkadios Wealth Advisors owned approximately 0.07% of Franklin U.S. Low Volatility High Dividend Index ETF worth $383,000 at the end of the most recent 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.