Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $69.61 and last traded at $66.9590, with a volume of 174 shares trading hands. The stock had previously closed at $66.32.
Franklin U.S. Equity Index ETF Stock Up 0.8%
The company’s fifty day simple moving average is $66.32 and its 200 day simple moving average is $63.48. The firm has a market capitalization of $2.05 billion, a PE ratio of 25.39 and a beta of 0.93.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in USPX. Franklin Resources Inc. raised its holdings in Franklin U.S. Equity Index ETF by 3.6% in 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. Sequent Planning LLC boosted its holdings in shares of Franklin U.S. Equity Index ETF by 15.5% during the 4th quarter. Sequent Planning LLC now owns 323,278 shares of the company’s stock valued at $19,326,000 after buying an additional 43,489 shares in the last quarter. RFG Advisory LLC bought a new stake in shares of Franklin U.S. Equity Index ETF during the 2nd quarter valued at $4,247,000. Sanctuary Advisors LLC grew its position in shares of 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 during the period. Finally, Bank of New York Mellon Corp grew its position in shares of 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 during the period.
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).
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