Franklin Resources Inc. lifted its position in Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,551,365 shares of the company’s stock after purchasing an additional 401,364 shares during the period. Franklin Resources Inc. owned about 40.89% of Franklin U.S. Equity Index ETF worth $690,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in USPX. O Shaughnessy Asset Management LLC purchased a new position in Franklin U.S. Equity Index ETF in the fourth quarter valued at $46,000. Huntington National Bank purchased a new stake in shares of Franklin U.S. Equity Index ETF during the 3rd quarter worth about $53,000. Larson Financial Group LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF during the 4th quarter valued at about $106,000. Bank of America Corp DE grew its position in shares of Franklin U.S. Equity Index ETF by 19.9% during the 2nd quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock valued at $149,000 after acquiring an additional 455 shares during the period. Finally, Bogart Wealth LLC purchased a new position in shares of Franklin U.S. Equity Index ETF in the 4th quarter valued at about $152,000.
Franklin U.S. Equity Index ETF Trading Up 0.2%
Shares of USPX stock opened at $64.69 on Tuesday. Franklin U.S. Equity Index ETF has a 12-month low of $52.11 and a 12-month high of $66.51. The company has a market capitalization of $1.88 billion, a P/E ratio of 25.39 and a beta of 0.92. The business’s 50 day moving average is $62.44 and its two-hundred day moving average is $60.66.
Franklin U.S. Equity Index ETF 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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