Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Reaches New 1-Year High – Here’s What Happened

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $66.55 and last traded at $66.55, with a volume of 1517 shares changing hands. The stock had previously closed at $66.22.

Franklin U.S. Equity Index ETF Trading Down 0.2%

The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 25.39 and a beta of 0.93. The business has a 50-day moving average price of $65.26 and a two-hundred day moving average price of $62.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Franklin U.S. Equity Index ETF by 3.6% in the 4th quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock worth $690,538,000 after buying an additional 401,364 shares in the last quarter. Sequent Planning LLC raised its stake in 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 acquiring an additional 43,489 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Franklin U.S. Equity Index ETF by 4.0% during the 4th quarter. Sanctuary Advisors LLC now owns 1,986,959 shares of the company’s stock worth $118,780,000 after acquiring an additional 75,801 shares during the period. Bank of New York Mellon Corp boosted its position in Franklin U.S. Equity Index ETF by 7.2% during 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 acquiring an additional 94,458 shares during the period. Finally, Atria Investments Inc boosted its position 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 worth $4,273,000 after acquiring an additional 29,037 shares during the period.

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).