Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Strong Trading Volume – Still a Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) shares saw strong trading volume on Tuesday . 63,221 shares traded hands during trading, a decline of 30% from the previous session’s volume of 90,475 shares.The stock last traded at $39.16 and had previously closed at $39.46.

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

The stock has a 50-day moving average of $39.30 and a 200-day moving average of $39.46. The firm has a market cap of $518.51 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 company also recently disclosed a dividend, which was paid on Monday, January 6th. Investors of record on Tuesday, December 31st were given a dividend of $0.3456 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

A hedge fund recently raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors boosted its position in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,471 shares of the company’s stock after acquiring an additional 1,073 shares during the quarter. Arkadios Wealth Advisors owned 0.08% of Franklin U.S. Low Volatility High Dividend Index ETF worth $402,000 at the end of the most recent reporting period.

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.