Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $70.57 and last traded at $70.57, with a volume of 124 shares traded. The stock had previously closed at $65.92.
Franklin U.S. Equity Index ETF Stock Up 7.1%
The stock has a market cap of $2.05 billion, a P/E ratio of 25.39 and a beta of 0.92. The firm has a 50 day moving average price of $63.26 and a 200 day moving average price of $60.88.
Hedge Funds Weigh In On Franklin U.S. Equity Index ETF
A number of hedge funds have recently modified their holdings of USPX. Franklin Resources Inc. raised its position in shares of Franklin U.S. Equity Index ETF by 30.9% during the 3rd quarter. Franklin Resources Inc. now owns 11,150,001 shares of the company’s stock valued at $653,164,000 after purchasing an additional 2,634,653 shares during the period. Sequent Planning LLC bought a new position in Franklin U.S. Equity Index ETF in the 3rd quarter worth $16,390,000. Sanctuary Advisors LLC increased its stake in Franklin U.S. Equity Index ETF by 7.7% in the 1st quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock worth $121,726,000 after buying an additional 153,460 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Franklin U.S. Equity Index ETF by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock worth $80,261,000 after buying an additional 94,458 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Franklin U.S. Equity Index ETF during the third quarter valued at about $1,912,000.
Franklin U.S. Equity Index ETF Company Profile
The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).
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