Sequent Planning LLC Increases Position in Franklin U.S. Equity Index ETF $USPX

Sequent Planning LLC boosted its stake in Franklin U.S. Equity Index ETF (NYSEARCA:USPX) by 15.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 373,851 shares of the company’s stock after purchasing an additional 50,573 shares during the quarter. Franklin U.S. Equity Index ETF comprises approximately 5.1% of Sequent Planning LLC’s holdings, making the stock its 2nd largest holding. Sequent Planning LLC owned 1.29% of Franklin U.S. Equity Index ETF worth $21,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in USPX. Franklin Resources Inc. grew its position in shares of 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 valued at $690,538,000 after purchasing an additional 401,364 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Franklin U.S. Equity Index ETF by 4.0% during the fourth quarter. Sanctuary Advisors LLC now owns 1,986,959 shares of the company’s stock valued at $118,780,000 after buying an additional 75,801 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Franklin U.S. Equity Index ETF by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 459,094 shares of the company’s stock valued at $27,445,000 after buying an additional 27,413 shares during the last quarter. LPL Financial LLC grew its holdings in Franklin U.S. Equity Index ETF by 5.9% during the 4th quarter. LPL Financial LLC now owns 189,990 shares of the company’s stock valued at $11,358,000 after buying an additional 10,642 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in Franklin U.S. Equity Index ETF by 68.4% during the 4th quarter. Atria Investments Inc now owns 71,483 shares of the company’s stock valued at $4,273,000 after buying an additional 29,037 shares in the last quarter.

Franklin U.S. Equity Index ETF Price Performance

NYSEARCA:USPX opened at $63.92 on Friday. Franklin U.S. Equity Index ETF has a 1 year low of $53.67 and a 1 year high of $66.51. The stock’s 50 day simple moving average is $64.29 and its two-hundred day simple moving average is $61.18. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92.

About Franklin U.S. Equity Index ETF

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).