Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sets New 1-Year High – Here’s What Happened

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares hit a new 52-week high during trading on Monday . The company traded as high as $67.66 and last traded at $67.66, with a volume of 911 shares. The stock had previously closed at $67.60.

Franklin U.S. Equity Index ETF Stock Down 0.1%

The firm has a 50-day moving average of $65.31 and a two-hundred day moving average of $62.30. The company has a market capitalization of $2.07 billion, a PE ratio of 25.39 and a beta of 0.93.

Institutional Trading of Franklin U.S. Equity Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in Franklin U.S. Equity Index ETF by 3.6% during the fourth quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock worth $690,538,000 after purchasing an additional 401,364 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Franklin U.S. Equity Index ETF by 7.7% during the 1st quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock valued at $121,726,000 after buying an additional 153,460 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Franklin U.S. Equity Index ETF by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock valued at $80,261,000 after buying an additional 94,458 shares in the last quarter. Sequent Planning LLC grew its stake in Franklin U.S. Equity Index ETF by 15.6% in the 1st quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock valued at $21,261,000 after acquiring an additional 50,573 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Franklin U.S. Equity Index ETF in the 3rd quarter worth $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).