Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw unusually-strong trading volume on Thursday . Approximately 210,685 shares changed hands during trading, an increase of 124% from the previous session’s volume of 94,247 shares.The stock last traded at $40.11 and had previously closed at $39.80.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 0.8 %

The stock has a market capitalization of $572.51 million, a P/E ratio of 16.41 and a beta of 0.76. The stock’s 50 day moving average price is $40.30 and its 200-day moving average price is $37.93.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Thursday, August 8th were issued a $0.377 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.51 annualized dividend and a dividend yield of 3.81%.

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 bought a new stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 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.