Franklin Resources Inc. Sells 9,971,258 Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX)

Franklin Resources Inc. cut its stake in Franklin U.S. Equity Index ETF (NYSEARCA:USPX) by 52.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,985,814 shares of the company’s stock after selling 9,971,258 shares during the quarter. Franklin Resources Inc. owned 37.13% of Franklin U.S. Equity Index ETF worth $461,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Park Avenue Securities LLC boosted its holdings in Franklin U.S. Equity Index ETF by 2.4% in the fourth quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock worth $1,059,000 after purchasing an additional 493 shares during the last quarter. Latitude Advisors LLC purchased a new position in shares of Franklin U.S. Equity Index ETF in the 4th quarter worth $252,000. IronBridge Private Wealth LLC bought a new stake in shares of Franklin U.S. Equity Index ETF in the third quarter worth $261,000. Atria Investments Inc increased its position in Franklin U.S. Equity Index ETF by 2.8% during the fourth quarter. Atria Investments Inc now owns 263,592 shares of the company’s stock valued at $13,534,000 after acquiring an additional 7,159 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Franklin U.S. Equity Index ETF by 4.2% in the fourth quarter. JPMorgan Chase & Co. now owns 322,006 shares of the company’s stock valued at $16,533,000 after acquiring an additional 13,094 shares during the period.

Franklin U.S. Equity Index ETF Stock Performance

Shares of NYSEARCA:USPX opened at $48.98 on Tuesday. The stock’s 50-day simple moving average is $51.60 and its two-hundred day simple moving average is $51.51. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 24.59 and a beta of 0.89. Franklin U.S. Equity Index ETF has a 52-week low of $43.09 and a 52-week high of $53.85.

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).