Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sets New 1-Year High at $49.61

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $49.61 and last traded at $49.61, with a volume of 1459 shares changing hands. The stock had previously closed at $49.30.

Franklin U.S. Equity Index ETF Stock Performance

The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 25.97 and a beta of 1.02. The firm has a fifty day moving average price of $48.15 and a 200-day moving average price of $46.68.

Institutional Trading of Franklin U.S. Equity Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in USPX. Sanctuary Advisors LLC bought a new position in Franklin U.S. Equity Index ETF in the second quarter valued at about $85,695,000. Bank of New York Mellon Corp grew its holdings in shares of Franklin U.S. Equity Index ETF by 10.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,266,906 shares of the company’s stock valued at $60,370,000 after purchasing an additional 124,376 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Franklin U.S. Equity Index ETF by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 19,925,983 shares of the company’s stock worth $829,314,000 after purchasing an additional 1,493,880 shares in the last quarter.

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).